Phoenix Group Holdings plc (LON:PHNX) Insider Buys £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 purchased 22 shares of Phoenix Group stock in a transaction on Tuesday, August 5th. The shares were acquired at an average cost of GBX 492 ($6.61) per share, for a total transaction of £108.24 ($145.52).

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 ($8.70) per share, for a total transaction of £148.81 ($200.07).
• On Thursday, June 5th, Andrew Briggs purchased 23 shares of Phoenix Group stock. The shares were bought at an average cost of GBX 644 ($8.66) per share, for a total transaction of £148.12 ($199.14).

Phoenix Group Stock Performance

Shares of LON PHNX traded up GBX 0.50 ($0.01) during midday trading on Friday, hitting GBX 679.50 ($9.14). The company's stock had a trading volume of 2,738,879 shares, compared to its average volume of 7,350,702. 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 1-year low of GBX 475.20 ($6.39) and a 1-year high of GBX 688.50 ($9.26). The firm's fifty day moving average price is GBX 653.64 and its 200-day moving average price is GBX 591.41. The firm 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.

Analysts Set New Price Targets

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

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.