Phoenix Group Holdings plc (LON:PHNX) Insider Purchases £108.24 in Stock

Key Points

• Andrew Briggs, an insider at Phoenix Group Holdings, purchased 22 shares of the company's stock for a total of £108.24 on August 5th, indicating confidence in the firm.
• Phoenix Group's shares recently traded at GBX 686.50, with a market capitalization of £6.86 billion, demonstrating steady stock performance despite analyst price target adjustments.
• Royal Bank of Canada downgraded its price target for Phoenix Group from GBX 725 to GBX 690, but maintained an "outperform" rating, reflecting a mixed view on the stock's future.

Phoenix Group Holdings plc (LON:PHNX - Get Free Report) insider Andrew Briggs bought 22 shares of Phoenix Group stock in a transaction dated Tuesday, August 5th. The stock was purchased at an average price of GBX 492 ($6.54) per share, with a total value of £108.24 ($143.92).

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

• On Monday, July 7th, Andrew Briggs bought 23 shares of Phoenix Group stock. The stock was bought at an average cost of GBX 647 ($8.60) per share, for a total transaction of £148.81 ($197.86).
• On Thursday, June 5th, Andrew Briggs purchased 23 shares of Phoenix Group stock. The stock was bought at an average price of GBX 644 ($8.56) per share, with a total value of £148.12 ($196.94).

Phoenix Group Price Performance

Shares of LON:PHNX traded up GBX 10.50 ($0.14) during trading on Wednesday, reaching GBX 686.50 ($9.13). 3,773,667 shares of the company traded hands, compared to its average volume of 7,418,500. 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 52 week low of GBX 475.20 ($6.32) and a 52 week high of GBX 687 ($9.13). The firm has a market capitalization of £6.86 billion, a PE ratio of -13.16, a PEG ratio of 1.95 and a beta of 0.73. The company's 50 day moving average is GBX 650.95 and its two-hundred day moving average is GBX 587.13.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada cut their price target on shares of Phoenix Group from GBX 725 ($9.64) to GBX 690 ($9.17) and set an "outperform" rating for the company in a 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.

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