Phoenix Group Holdings plc (LON:PHNX - Get Free Report) insider Andrew Briggs bought 29 shares of Phoenix Group stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average cost of GBX 517 ($6.49) per share, for a total transaction of £149.93 ($188.35).
Andrew Briggs also recently made the following trade(s):
- On Tuesday, March 26th, Andrew Briggs sold 40,039 shares of Phoenix Group stock. The shares were sold at an average price of GBX 526 ($6.61), for a total value of £210,605.14 ($264,579.32).
Phoenix Group Stock Down 1.7 %
Shares of PHNX stock traded down GBX 9 ($0.11) during mid-day trading on Wednesday, reaching GBX 508.50 ($6.39). 3,245,072 shares of the company's stock traded hands, compared to its average volume of 2,716,579. The company's 50-day moving average price is GBX 510.36 and its 200-day moving average price is GBX 500.34. The company has a market cap of £5.09 billion, a P/E ratio of -3,641.69, a P/E/G ratio of 1.95 and a beta of 0.74. The company has a quick ratio of 0.12, a current ratio of 0.19 and a debt-to-equity ratio of 176.72. Phoenix Group Holdings plc has a 12 month low of GBX 436.40 ($5.48) and a 12 month high of GBX 587 ($7.37).
Phoenix Group Increases Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, May 22nd. Investors of record on Thursday, April 11th will be given a dividend of GBX 26.65 ($0.33) per share. This is a boost from Phoenix Group's previous dividend of $26.00. This represents a yield of 5.46%. The ex-dividend date is Thursday, April 11th. Phoenix Group's dividend payout ratio (DPR) is -37,857.14%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on PHNX. Berenberg Bank reduced their price objective on shares of Phoenix Group from GBX 739 ($9.28) to GBX 650 ($8.17) and set a "buy" rating on the stock in a research report on Friday, April 19th. JPMorgan Chase & Co. boosted their price target on shares of Phoenix Group from GBX 445 ($5.59) to GBX 525 ($6.60) and gave the company an "underweight" rating in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of GBX 614.60 ($7.72).
Check Out Our Latest Report on Phoenix Group
About Phoenix Group
(
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Phoenix Group Holdings plc operates in the long-term savings and retirement business in Europe. The company operates through five segments: Retirement Solutions, Pensions & Savings, With-Profits, SunLife & Protection, and Europe & Other. It provides a range of savings and retirement income products to support people across various stages of the savings life cycle.
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