Insider Buying: Phoenix Group Holdings plc (LON:PHNX) Insider Purchases 22 Shares of Stock

Key Points

• Insider Nicolaos Nicandrou purchased 22 shares of Phoenix Group Holdings plc at an average price of GBX 509 ($6.77) on August 5th, totaling £111.98 ($148.89).
• Phoenix Group's stock performance shows a recent trading increase to GBX 686.50 ($9.13), with a current market capitalization of £6.86 billion.
• Royal Bank Of Canada has downgraded their price target for Phoenix Group from GBX 725 ($9.64) to GBX 690 ($9.17) while maintaining an "outperform" rating.

Phoenix Group Holdings plc (LON:PHNX - Get Free Report) insider Nicolaos Nicandrou purchased 22 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was bought at an average cost of GBX 509 ($6.84) per share, for a total transaction of £111.98 ($150.55).

Nicolaos Nicandrou also recently made the following trade(s):

• On Monday, July 7th, Nicolaos Nicandrou acquired 24 shares of Phoenix Group stock. The stock was purchased at an average price of GBX 647 ($8.70) per share, for a total transaction of £155.28 ($208.77).
• On Thursday, June 5th, Nicolaos Nicandrou purchased 23 shares of Phoenix Group stock. The shares were acquired at an average price of GBX 644 ($8.66) per share, for a total transaction of £148.12 ($199.14).

Phoenix Group Stock Performance

LON PHNX traded up GBX 0.50 ($0.01) during trading hours on Friday, hitting GBX 679.50 ($9.14). The company had a trading volume of 2,738,879 shares, compared to its average volume of 7,350,702. The business has a 50 day moving average of GBX 653.64 and a 200-day moving average of GBX 591.41. The company has a market cap of £6.79 billion, a PE ratio of -13.02, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. Phoenix Group Holdings plc has a 1-year low of GBX 475.20 ($6.39) and a 1-year high of GBX 688.50 ($9.26). The company has a debt-to-equity ratio of 160.32, a quick ratio of 0.12 and a current ratio of 3.30.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada lowered their price target on shares of Phoenix Group from GBX 725 ($9.75) to GBX 690 ($9.28) and set an "outperform" rating on the stock in a research report on Thursday, July 24th.

Phoenix Group Company Profile

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.