Phoenix Group (LON:PHNX) Sets New 1-Year High - Time to Buy?

Phoenix Group Holdings plc (LON:PHNX - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 656.50 ($8.86) and last traded at GBX 653.50 ($8.82), with a volume of 1896010 shares changing hands. The stock had previously closed at GBX 652.50 ($8.81).

Analyst Upgrades and Downgrades

PHNX has been the topic of several research analyst reports. Berenberg Bank reissued a "buy" rating and issued a GBX 650 ($8.78) price target on shares of Phoenix Group in a report on Monday, February 17th. JPMorgan Chase & Co. boosted their target price on shares of Phoenix Group from GBX 500 ($6.75) to GBX 565 ($7.63) and gave the company an "underweight" rating in a research report on Friday, March 28th.

Phoenix Group Stock Performance

The stock has a market cap of £6.57 billion, a P/E ratio of -12.60, a price-to-earnings-growth 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. The stock has a 50 day simple moving average of GBX 597.52 and a 200 day simple moving average of GBX 546.97.

Phoenix Group (LON:PHNX - Get Free Report) last announced its quarterly earnings data on Tuesday, March 18th. The company reported GBX 45.40 ($0.61) earnings per share (EPS) for the quarter. Phoenix Group had a negative net margin of 2.10% and a negative return on equity of 21.76%. On average, equities analysts expect that Phoenix Group Holdings plc will post 51.179941 earnings per share for the current year.

Phoenix Group Increases Dividend

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

Insider Buying and Selling at Phoenix Group

In related news, insider Andrew Briggs sold 151,586 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of GBX 582 ($7.86), for a total value of £882,230.52 ($1,191,076.71). Corporate insiders own 14.96% of the company's stock.

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.