Andrew Briggs Acquires 23 Shares of Phoenix Group Holdings plc (LON:PHNX) Stock

Phoenix Group Holdings plc (LON:PHNX - Get Free Report) insider Andrew Briggs acquired 23 shares of the stock in a transaction on Thursday, June 5th. The shares were acquired at an average price of GBX 644 ($8.77) per share, with a total value of £148.12 ($201.66).

Andrew Briggs also recently made the following trade(s):

• On Tuesday, March 18th, Andrew Briggs sold 151,586 shares of Phoenix Group stock. The stock was sold at an average price of GBX 582 ($7.92), for a total transaction of £882,230.52 ($1,201,130.73).

Phoenix Group Stock Down 0.5%

Shares of Phoenix Group stock traded down GBX 3.50 ($0.05) on Thursday, reaching GBX 654 ($8.90). The stock had a trading volume of 1,414,825 shares, compared to its average volume of 9,228,770. The company has a 50 day moving average price of GBX 599.82 and a 200 day moving average price of GBX 547.73. The stock has a market capitalization of £6.54 billion, a P/E ratio of -12.53, a P/E/G ratio of 1.95 and a beta of 0.73. The company has a quick ratio of 0.12, a current ratio of 3.30 and a debt-to-equity ratio of 160.32. Phoenix Group Holdings plc has a 1 year low of GBX 475.20 ($6.47) and a 1 year high of GBX 660 ($8.99).

Phoenix Group (LON:PHNX - Get Free Report) last posted its quarterly earnings data on Tuesday, March 18th. The company reported GBX 45.40 ($0.62) earnings per share (EPS) for the quarter. Phoenix Group had a negative net margin of 2.10% and a negative return on equity of 21.76%. As a group, equities research analysts forecast that Phoenix Group Holdings plc will post 51.179941 EPS for the current year.

Phoenix Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, April 24th will be paid a GBX 27.35 ($0.37) dividend. This represents a dividend yield of 4.66%. This is a boost from Phoenix Group's previous dividend of $26.65. The ex-dividend date of this dividend is Thursday, April 24th. Phoenix Group's dividend payout ratio (DPR) is presently -101.58%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Berenberg Bank restated a "buy" rating and set a GBX 650 ($8.85) target price on shares of Phoenix Group in a research report on Monday, February 17th. JPMorgan Chase & Co. raised their target price on shares of Phoenix Group from GBX 500 ($6.81) to GBX 565 ($7.69) and gave the company an "underweight" rating in a research report on Friday, March 28th.

About Phoenix Group

Phoenix is the UK's largest long-term savings and retirement business with c. £300 billion of assets under administration and c. 12 million customers. We are a constituent of the FTSE 100 with c. 7,800 colleagues and offer a broad range of products to support people across all stages of the savings life cycle. We are a growing and sustainable business with a clear purpose – helping people secure a life of possibilities.