Phoenix Group (LON:PHNX) Hits New 12-Month High - Should You Buy?

Phoenix Group Holdings plc (LON:PHNX - Get Free Report) shares hit a new 52-week high during trading on Monday . The stock 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).

Analysts Set New Price Targets

Several research analysts have recently weighed in on PHNX shares. JPMorgan Chase & Co. upped their target price on Phoenix Group from GBX 500 ($6.79) to GBX 565 ($7.67) and gave the stock an "underweight" rating in a research note on Friday, March 28th. Berenberg Bank restated a "buy" rating and set a GBX 650 ($8.83) price objective on shares of Phoenix Group in a research report on Monday, February 17th.

Phoenix Group Stock Performance

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 stock has a market capitalization of £6.50 billion, a price-to-earnings ratio of -12.46, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The firm's fifty day moving average price is GBX 592.24 and its 200 day moving average price is GBX 543.30.

Phoenix Group (LON:PHNX - Get Free Report) last posted 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 net margin of 2.10% and a negative return on equity of 21.76%. Analysts forecast that Phoenix Group Holdings plc will post 51.179941 EPS for the current fiscal year.

Phoenix Group Increases Dividend

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

Insider Buying and Selling at Phoenix Group

In other Phoenix Group news, insider Andrew Briggs sold 151,586 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of GBX 582 ($7.90), for a total transaction of £882,230.52 ($1,198,031.67). 14.96% of the stock is owned by insiders.

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.