Phoenix Group (LON:PHNX) Reaches New 1-Year High - Still a Buy?

Phoenix Group Holdings plc (LON:PHNX - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 605 ($8.04) and last traded at GBX 601.51 ($8.00), with a volume of 9304280 shares. The stock had previously closed at GBX 599.50 ($7.97).

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PHNX shares. Berenberg Bank reissued a "buy" rating and set a GBX 650 ($8.64) price target on shares of Phoenix Group in a research note on Monday, February 17th. JPMorgan Chase & Co. upped their price objective on Phoenix Group from GBX 500 ($6.65) to GBX 565 ($7.51) and gave the stock an "underweight" rating in a report on Friday, March 28th.

Phoenix Group Price Performance

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 company's fifty day moving average price is GBX 556.02 and its two-hundred day moving average price is GBX 524.38. The company has a market cap of £6.02 billion, a price-to-earnings ratio of -11.55, a PEG ratio of 1.95 and a beta of 0.73.

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

Phoenix Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, April 24th will be paid a GBX 27.35 ($0.36) dividend. This is a positive change from Phoenix Group's previous dividend of $26.65. This represents a yield of 4.66%. The ex-dividend date is Thursday, April 24th. Phoenix Group's payout ratio is presently -101.58%.

Insider Activity

In other Phoenix Group news, insider Andrew Briggs sold 151,586 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of GBX 582 ($7.74), for a total value of £882,230.52 ($1,172,711.05). 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.

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