Phoenix Group (LON:PHNX) Sets New 1-Year High - Should You Buy?

Phoenix Group Holdings plc (LON:PHNX - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 621 ($8.41) and last traded at GBX 620.50 ($8.40), with a volume of 2828729 shares changing hands. The stock had previously closed at GBX 617.50 ($8.36).

Wall Street Analysts Forecast Growth

PHNX has been the topic of several recent research reports. Berenberg Bank reissued a "buy" rating and issued a GBX 650 ($8.80) price objective on shares of Phoenix Group in a research note on Monday, February 17th. JPMorgan Chase & Co. boosted their price objective on shares of Phoenix Group from GBX 500 ($6.77) to GBX 565 ($7.65) and gave the company an "underweight" rating in a research note on Friday, March 28th.

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 firm has a market capitalization of £6.29 billion, a price-to-earnings ratio of -12.05, a PEG ratio of 1.95 and a beta of 0.73. The stock's 50 day moving average price is GBX 580.71 and its two-hundred day moving average price is GBX 534.42.

Phoenix Group (LON:PHNX - Get Free Report) last posted its quarterly earnings results on Tuesday, March 18th. The company reported GBX 45.40 ($0.61) earnings per share for the quarter. Phoenix Group had a negative net margin of 2.10% and a negative return on equity of 21.76%. On average, 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 paid a dividend of GBX 27.35 ($0.37) per share. 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 dividend payout ratio is -101.58%.

Insider Activity at Phoenix Group

In other Phoenix Group news, insider Andrew Briggs sold 151,586 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of GBX 582 ($7.88), for a total transaction of £882,230.52 ($1,194,301.50). 14.96% of the stock is owned by corporate 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.