Phoenix Group (LON:PHNX) Sets New 52-Week High - What's Next?

Phoenix Group Holdings plc (LON:PHNX - Get Free Report)'s stock price hit a new 52-week high on Monday . The stock traded as high as GBX 621 ($8.24) and last traded at GBX 613.50 ($8.14), with a volume of 7517660 shares traded. The stock had previously closed at GBX 604.38 ($8.02).

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PHNX shares. JPMorgan Chase & Co. raised their price objective on shares of Phoenix Group from GBX 500 ($6.63) to GBX 565 ($7.50) and gave the stock an "underweight" rating in a report on Friday, March 28th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 650 ($8.62) price objective on shares of Phoenix Group in a report on Monday, February 17th.

Phoenix Group Trading Up 1.7%

The business's fifty day moving average is GBX 568.25 and its two-hundred day moving average is GBX 528.43. The company has a quick ratio of 0.12, a current ratio of 3.30 and a debt-to-equity ratio of 160.32. The firm has a market cap of £6.15 billion, a price-to-earnings ratio of -11.79, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73.

Phoenix Group (LON:PHNX - Get Free Report) last issued its earnings results on Tuesday, March 18th. The company reported GBX 45.40 ($0.60) EPS for the quarter. Phoenix Group had a negative net margin of 2.10% and a negative return on equity of 21.76%. Equities analysts anticipate that Phoenix Group Holdings plc will post 51.179941 earnings per share for the current fiscal year.

Phoenix Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, April 24th will be given a GBX 27.35 ($0.36) dividend. The ex-dividend date is Thursday, April 24th. This represents a dividend yield of 4.66%. This is a boost from Phoenix Group's previous dividend of $26.65. Phoenix Group's dividend payout ratio is currently -101.58%.

Insiders Place Their Bets

In other news, insider Andrew Briggs sold 151,586 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of GBX 582 ($7.72), for a total transaction of £882,230.52 ($1,170,377.45). Corporate insiders own 14.96% of the company's stock.

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.