Insider Buying: Phoenix Group Holdings plc (LON:PHNX) Insider Acquires 23 Shares of Stock

Phoenix Group Holdings plc (LON:PHNX - Get Free Report) insider Nicolaos Nicandrou purchased 23 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were acquired at an average cost of GBX 644 ($8.77) per share, for a total transaction of £148.12 ($201.66).

Phoenix Group Stock Down 0.5%

LON:PHNX traded down GBX 3.50 ($0.05) on Thursday, reaching GBX 654 ($8.90). 1,414,825 shares of the stock traded hands, compared to its average volume of 9,228,770. The company has a market capitalization of £6.54 billion, a price-to-earnings ratio of -12.53, a PEG ratio of 1.95 and a beta of 0.73. The company has a current ratio of 3.30, a quick ratio of 0.12 and a debt-to-equity ratio of 160.32. The company's fifty day simple moving average is GBX 599.82 and its 200 day simple moving average is GBX 547.73. Phoenix Group Holdings plc has a 12 month low of GBX 475.20 ($6.47) and a 12 month high of GBX 660 ($8.99).

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

Phoenix Group Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, April 24th will be issued a GBX 27.35 ($0.37) dividend. This is an increase from Phoenix Group's previous dividend of $26.65. The ex-dividend date is Thursday, April 24th. This represents a yield of 4.66%. Phoenix Group's dividend payout ratio is currently -101.58%.

Analyst Ratings Changes

PHNX has been the subject of several analyst reports. Berenberg Bank reissued a "buy" rating and set a GBX 650 ($8.85) price target on shares of Phoenix Group in a research report on Monday, February 17th. JPMorgan Chase & Co. upped their target price on shares of Phoenix Group from GBX 500 ($6.81) to GBX 565 ($7.69) and gave the stock 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.