Phoenix Group (LON:PHNX) Hits New 12-Month High - Still a Buy?

Shares of Phoenix Group Holdings plc (LON:PHNX - Get Free Report) hit a new 52-week high on Monday . The company traded as high as GBX 645 ($8.76) and last traded at GBX 644 ($8.75), with a volume of 14224298 shares changing hands. The stock had previously closed at GBX 634 ($8.61).

Analyst Ratings Changes

PHNX has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on Phoenix Group from GBX 500 ($6.79) to GBX 565 ($7.67) and gave the company an "underweight" rating in a report on Friday, March 28th. Berenberg Bank reissued a "buy" rating and set a GBX 650 ($8.83) price objective on shares of Phoenix Group in a report on Monday, February 17th.

Phoenix Group Price Performance

The firm has a market cap of £6.43 billion, a P/E ratio of -12.33, a price-to-earnings-growth 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 business has a 50-day moving average of GBX 590.80 and a two-hundred day moving average of GBX 542.61.

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

Phoenix Group Increases Dividend

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

Insiders Place Their Bets

In other news, insider Andrew Briggs sold 151,586 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of GBX 582 ($7.90), for a total value of £882,230.52 ($1,198,031.67). Company insiders own 14.96% of the company's stock.

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.