Phoenix Group (LON:PHNX) Shares Pass Above Two Hundred Day Moving Average - Here's Why

Shares of Phoenix Group Holdings plc (LON:PHNX - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 519.90 ($6.99) and traded as high as GBX 585 ($7.86). Phoenix Group shares last traded at GBX 581.50 ($7.81), with a volume of 2,537,007 shares traded.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 650 ($8.73) price target on shares of Phoenix Group in a report on Monday, February 17th. JPMorgan Chase & Co. lifted their price target on shares of Phoenix Group from GBX 500 ($6.72) to GBX 565 ($7.59) and gave the company an "underweight" rating in a research note on Friday, March 28th.

Phoenix Group Trading Up 0.3 %

The company has a fifty day moving average of GBX 547.12 and a 200-day moving average of GBX 521.75. 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 company has a market capitalization of £5.89 billion, a price-to-earnings ratio of -11.30, 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 ($0.61) EPS 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, equities research analysts anticipate that Phoenix Group Holdings plc will post 51.179941 earnings per share for the current fiscal year.

Phoenix Group Increases Dividend

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

Insider Buying and Selling

In other news, insider Andrew Briggs sold 151,586 shares of Phoenix Group stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of GBX 582 ($7.82), for a total transaction of £882,230.52 ($1,185,315.76). 14.96% of the stock is currently owned by company insiders.

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.