Phoenix Group (LON:PHNX) Hits New 12-Month High - Should You Buy?

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 656.50 ($8.94) and last traded at GBX 653.50 ($8.90), with a volume of 1896010 shares traded. The stock had previously closed at GBX 652.50 ($8.88).

Analysts Set New Price Targets

PHNX has been the topic of a number of recent analyst reports. Berenberg Bank restated a "buy" rating and set a GBX 650 ($8.85) price objective on shares of Phoenix Group in a research note on Monday, February 17th. JPMorgan Chase & Co. boosted their target price on Phoenix Group from GBX 500 ($6.81) to GBX 565 ($7.69) and gave the company an "underweight" rating in a research note on Friday, March 28th.

Phoenix Group Stock Performance

The stock's 50-day moving average price is GBX 602.83 and its 200 day moving average price is GBX 548.47. 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 has a market cap of £6.52 billion, a P/E ratio of -12.50, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73.

Phoenix Group (LON:PHNX - Get Free Report) last announced its quarterly earnings data on Tuesday, March 18th. The company reported GBX 45.40 ($0.62) 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%. As a group, research analysts expect that Phoenix Group Holdings plc will post 51.179941 EPS for the current fiscal year.

Phoenix Group Increases Dividend

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

Insider Buying and Selling at Phoenix Group

In other Phoenix Group news, insider Andrew Briggs sold 151,586 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of GBX 582 ($7.92), for a total value of £882,230.52 ($1,201,130.73). Insiders own 14.96% of the company's stock.

About Phoenix Group

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.