Phoenix Group (LON:PHNX) Hits New 12-Month High - What's Next?

Phoenix Group Holdings plc (LON:PHNX - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 643.50 ($8.67) and last traded at GBX 640.50 ($8.63), with a volume of 34291156 shares traded. The stock had previously closed at GBX 628.67 ($8.47).

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PHNX shares. Berenberg Bank reaffirmed a "buy" rating and set a GBX 650 ($8.76) target price on shares of Phoenix Group in a research note on Monday, February 17th. JPMorgan Chase & Co. raised their price objective on shares of Phoenix Group from GBX 500 ($6.74) to GBX 565 ($7.61) and gave the company an "underweight" rating in a research report on Friday, March 28th.

Phoenix Group Stock Up 0.4%

The stock has a fifty day moving average of GBX 584.22 and a 200-day moving average of GBX 537.48. The firm has a market capitalization of £6.42 billion, a price-to-earnings ratio of -12.31, a PEG ratio of 1.95 and a beta of 0.73. The company has a current ratio of 3.30, a quick ratio of 0.12 and a debt-to-equity ratio of 160.32.

Phoenix Group (LON:PHNX - Get Free Report) last issued 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 return on equity of 21.76% and a negative net margin of 2.10%. As a group, sell-side analysts expect that Phoenix Group Holdings plc will post 51.179941 EPS for the current year.

Phoenix Group Increases Dividend

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

Insider Activity at Phoenix Group

In related news, insider Andrew Briggs sold 151,586 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of GBX 582 ($7.84), for a total value of £882,230.52 ($1,188,509.39). 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.