Andrew Briggs Sells 40,039 Shares of Phoenix Group Holdings plc (LON:PHNX) Stock

Phoenix Group Holdings plc (LON:PHNX) insider Andrew Briggs sold 40,039 shares of Phoenix Group stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of GBX 526 ($6.65), for a total value of £210,605.14 ($266,150.82).

Phoenix Group Stock Up 1.1 %

LON:PHNX traded up GBX 5.80 ($0.07) during trading hours on Wednesday, reaching GBX 543.80 ($6.87). 2,509,437 shares of the company traded hands, compared to its average volume of 2,238,514. The business’s 50-day moving average price is GBX 503.49 and its two-hundred day moving average price is GBX 496. The stock has a market capitalization of £5.44 billion, a P/E ratio of -654.88, a P/E/G ratio of 1.95 and a beta of 0.74. Phoenix Group Holdings plc has a 1 year low of GBX 436.40 ($5.51) and a 1 year high of GBX 614.20 ($7.76). The company has a current ratio of 0.23, a quick ratio of 0.12 and a debt-to-equity ratio of 105.46.

Phoenix Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 22nd. Investors of record on Thursday, April 11th will be issued a GBX 26.65 ($0.34) dividend. The ex-dividend date is Thursday, April 11th. This represents a dividend yield of 5.46%. This is a positive change from Phoenix Group’s previous dividend of $26.00. Phoenix Group’s payout ratio is presently -6,341.46%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Phoenix Group from GBX 630 ($7.96) to GBX 540 ($6.82) and set a “hold” rating on the stock in a research report on Wednesday, November 29th. JPMorgan Chase & Co. lifted their price target on Phoenix Group from GBX 400 ($5.05) to GBX 415 ($5.24) and gave the company an “underweight” rating in a research report on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 617 ($7.80).

Phoenix Group Company Profile

Phoenix Group Holdings plc operates in the long-term savings and retirement business in Europe. The company operates through four segments: UK Heritage, UK Open, Europe, and Management Services. It provides a range of pensions and savings products to support people across various stages of the savings life cycle.