Phoenix Group Holdings plc (LON:PHNX - Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as GBX 596 ($7.91) and last traded at GBX 592.36 ($7.86), with a volume of 5135115 shares traded. The stock had previously closed at GBX 589.50 ($7.82).
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Berenberg Bank reiterated a "buy" rating and set a GBX 650 ($8.63) price objective on shares of Phoenix Group in a research note on Monday, February 17th. JPMorgan Chase & Co. lifted their target price on Phoenix Group from GBX 500 ($6.63) to GBX 565 ($7.50) and gave the company an "underweight" rating in a report on Friday, March 28th.
Get Our Latest Stock Analysis on PHNX
Phoenix Group Price Performance
The company has a debt-to-equity ratio of 160.32, a quick ratio of 0.12 and a current ratio of 3.30. The stock has a market capitalization of £5.99 billion, a PE ratio of -11.49, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The business's 50-day moving average price is GBX 554.39 and its 200 day moving average price is GBX 523.92.
Phoenix Group (LON:PHNX - Get Free Report) last announced its 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%. Research analysts forecast that Phoenix Group Holdings plc will post 51.179941 earnings per share for the current 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 issued a dividend of GBX 27.35 ($0.36) per share. This represents a dividend yield of 4.66%. This is a boost from Phoenix Group's previous dividend of $26.65. The ex-dividend date is Thursday, April 24th. Phoenix Group's dividend payout ratio (DPR) is currently -101.58%.
Insider Transactions at Phoenix Group
In related news, insider Andrew Briggs sold 151,586 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of GBX 582 ($7.72), for a total value of £882,230.52 ($1,170,688.06). Company insiders own 14.96% of the company's stock.
Phoenix Group Company Profile
(
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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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