Phoenix Group Holdings plc (LON:PHNX) Insider Andrew Briggs Sells 151,586 Shares of Stock

Phoenix Group Holdings plc (LON:PHNX) insider Andrew Briggs sold 151,586 shares of Phoenix Group stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of GBX 582 ($7.57), for a total value of £882,230.52 ($1,146,945.55).

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

• On Monday, January 6th, Andrew Briggs acquired 29 shares of Phoenix Group stock. The stock was purchased at an average price of GBX 514 ($6.68) per share, for a total transaction of £149.06 ($193.79).

Phoenix Group Stock Down 0.9 %

Phoenix Group stock traded down GBX 5 ($0.07) during trading on Wednesday, reaching GBX 582 ($7.57). 3,921,319 shares of the company’s stock were exchanged, compared to its average volume of 9,801,937. The company’s 50-day moving average is GBX 512.38 and its two-hundred day moving average is GBX 519.21. The company has a debt-to-equity ratio of 160.32, a quick ratio of 0.12 and a current ratio of 3.30. Phoenix Group Holdings plc has a 52-week low of GBX 475 ($6.18) and a 52-week high of GBX 590 ($7.67). The firm has a market cap of £5.82 billion, a price-to-earnings ratio of -11.15, a PEG ratio of 1.95 and a beta of 0.73.

Phoenix Group (LON:PHNX) last posted its earnings results on Tuesday, March 18th. The company reported GBX 45.40 ($0.59) earnings per share (EPS) for the quarter. Phoenix Group had a negative return on equity of 21.76% and a negative net margin of 2.10%. On average, analysts predict 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 Wednesday, May 21st. Stockholders of record on Thursday, April 3rd will be given a dividend of GBX 27.35 ($0.36) per share. This is a boost from Phoenix Group’s previous dividend of $26.65. This represents a dividend yield of 4.66%. The ex-dividend date of this dividend is Thursday, April 3rd. Phoenix Group’s payout ratio is presently -101.58%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 650 ($8.45) target price on shares of Phoenix Group in a research report on Monday, February 17th.

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.