Phoenix Group Holdings plc (LON:PHNX) Insider Purchases £111.98 in 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 acquired 22 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were acquired at an average price of GBX 509 ($6.85) per share, for a total transaction of £111.98 ($150.59).

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

• On Monday, July 7th, Nicolaos Nicandrou acquired 24 shares of Phoenix Group stock. The shares were bought at an average cost of GBX 647 ($8.70) per share, with a total value of £155.28 ($208.82).
• On Thursday, June 5th, Nicolaos Nicandrou acquired 23 shares of Phoenix Group stock. The stock was bought at an average cost of GBX 644 ($8.66) per share, for a total transaction of £148.12 ($199.19).

Phoenix Group Stock Performance

PHNX traded up GBX 0.50 ($0.01) on Friday, reaching 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 stock has a market cap of £6.79 billion, a P/E ratio of -13.02, a P/E/G ratio of 1.95 and a beta of 0.73. The company has a debt-to-equity ratio of 160.32, a quick ratio of 0.12 and a current ratio of 3.30. Phoenix Group Holdings plc has a fifty-two week low of GBX 475.20 ($6.39) and a fifty-two week high of GBX 688.50 ($9.26). The company's fifty day moving average is GBX 652.73 and its 200 day moving average is GBX 589.03.

Analyst Ratings Changes

Separately, Royal Bank Of Canada cut their target price on Phoenix Group from GBX 725 ($9.75) to GBX 690 ($9.28) and set an "outperform" rating on the stock in a research note 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.