Phoenix Group (LON:PHNX) Posts Earnings Results

Phoenix Group (LON:PHNX) announced its quarterly earnings results on Tuesday. The company reported GBX 45.40 ($0.59) earnings per share for the quarter, Digital Look Earnings reports. Phoenix Group had a negative net margin of 2.10% and a negative return on equity of 21.76%.

Phoenix Group Trading Down 1.2 %

Shares of PHNX stock traded down GBX 7 ($0.09) during mid-day trading on Thursday, reaching GBX 575 ($7.48). The company’s stock had a trading volume of 7,740,647 shares, compared to its average volume of 9,766,892. The company’s 50 day simple moving average is GBX 514.20 and its 200-day simple moving average is GBX 519.35. Phoenix Group has a 12-month low of GBX 475 ($6.18) and a 12-month high of GBX 590 ($7.68). 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 firm has a market capitalization of £5.75 billion, a PE ratio of -11.02, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73.

Phoenix Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Thursday, April 3rd will be paid a GBX 27.35 ($0.36) dividend. This represents a dividend yield of 4.66%. The ex-dividend date is Thursday, April 3rd. This is an increase from Phoenix Group’s previous dividend of $26.65. Phoenix Group’s dividend payout ratio (DPR) is currently -101.58%.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 650 ($8.46) price target on shares of Phoenix Group in a report on Monday, February 17th.

Insider Activity

In other news, insider Andrew Briggs sold 151,586 shares of the firm’s 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 ($1,147,691.58). Insiders own 14.96% of the company’s stock.

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.