Phoenix Group Holdings plc (LON:PHNX - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as GBX 621 ($8.25) and last traded at GBX 613.50 ($8.15), with a volume of 7517660 shares changing hands. The stock had previously closed at GBX 604.38 ($8.03).
Analyst Ratings Changes
A number of analysts have issued reports on the company. Berenberg Bank reissued a "buy" rating and issued a GBX 650 ($8.63) target price on shares of Phoenix Group in a research report on Monday, February 17th. JPMorgan Chase & Co. raised their target price on Phoenix Group from GBX 500 ($6.64) to GBX 565 ($7.51) and gave the stock an "underweight" rating in a research report on Friday, March 28th.
Read Our Latest Analysis on Phoenix Group
Phoenix Group Stock Up 0.4%
The firm has a market capitalization of £6.17 billion, a PE ratio of -11.84, a P/E/G ratio of 1.95 and a beta of 0.73. 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 stock has a 50-day simple moving average of GBX 572.45 and a 200-day simple moving average of GBX 529.97.
Phoenix Group (LON:PHNX - Get Free Report) last announced its quarterly earnings results on Tuesday, March 18th. The company reported GBX 45.40 ($0.60) 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%. Analysts forecast that Phoenix Group Holdings plc will post 51.179941 EPS for the current year.
Phoenix Group Increases Dividend
The business also recently declared a dividend, which will be paid on Monday, June 30th. Stockholders 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 is a boost from Phoenix Group's previous dividend of $26.65. This represents a dividend yield of 4.66%. Phoenix Group's payout ratio is -101.58%.
Insider Activity
In related 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 ($7.73), for a total transaction of £882,230.52 ($1,171,932.15). 14.96% of the stock is owned by company insiders.
About Phoenix Group
(
Get Free Report)
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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