Andrew Briggs Acquires 21 Shares of Phoenix Group (LON:PHNX) Stock

Phoenix Group Holdings plc (LON:PHNX) insider Andrew Briggs purchased 21 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were bought at an average price of GBX 562 per share, for a total transaction of £118.02.

Andrew Briggs also recently made the following trade(s):

• On Tuesday, January 6th, Andrew Briggs acquired 20 shares of Phoenix Group stock. The shares were purchased at an average cost of GBX 550 per share, for a total transaction of £110.
• On Friday, December 5th, Andrew Briggs bought 22 shares of Phoenix Group stock. The stock was purchased at an average cost of GBX 519 per share, with a total value of £114.18.

Phoenix Group Stock Performance

PHNX traded down GBX 5 during trading on Friday, hitting GBX 749.50. 1,190,518 shares of the stock were exchanged, compared to its average volume of 11,516,366. The firm has a market capitalization of £7.51 billion, a P/E ratio of -11.82, a PEG ratio of 1.95 and a beta of 0.73. Phoenix Group Holdings plc has a 1-year low of GBX 485.20 and a 1-year high of GBX 766. The stock has a fifty day moving average price of GBX 725.09 and a two-hundred day moving average price of GBX 686.89. The company has a quick ratio of 0.12, a current ratio of 3.30 and a debt-to-equity ratio of 160.32.

Phoenix Group (LON:PHNX) last posted its quarterly earnings data on Monday, December 15th. The company reported GBX 32.70 earnings per share 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, sell-side analysts predict that Phoenix Group Holdings plc will post 51.179941 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PHNX. The Goldman Sachs Group upgraded shares of Phoenix Group to a “neutral” rating and increased their target price for the stock from GBX 593 to GBX 752 in a research note on Wednesday, January 21st. Berenberg Bank increased their price objective on Phoenix Group from GBX 852 to GBX 918 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their target price on Phoenix Group from GBX 605 to GBX 620 and gave the company an “underweight” rating in a research note on Thursday. Finally, UBS Group upgraded shares of Phoenix Group to a “buy” rating and upped their price objective for the stock from GBX 670 to GBX 770 in a research report on Wednesday, December 17th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Phoenix Group currently has an average rating of “Hold” and a consensus price target of GBX 750.

About Phoenix Group

Phoenix Group is one of the UK’s largest long-term savings and retirement businesses with over £290 billion of assets under administration and c. 12 million customers. We were founded in 1782 and are based in London, UK, and our family of brands include Standard Life, SunLife and ReAssure. We are a constituent of the FTSE 100 with c. 6,600 colleagues and offer a broad range of savings and retirement income products to support people across all stages of their savings journey. We are a growing and sustainable business with a clear purpose – helping people secure a life of possibilities.