Phoenix Group Holdings plc (LON:PHNX) Insider Rakesh Thakrar Sells 16,296 Shares

Phoenix Group Holdings plc (LON:PHNXGet Free Report) insider Rakesh Thakrar sold 16,296 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of GBX 553 ($6.94), for a total transaction of £90,116.88 ($113,126.89).

Rakesh Thakrar also recently made the following trade(s):

  • On Tuesday, March 5th, Rakesh Thakrar purchased 30 shares of Phoenix Group stock. The shares were purchased at an average cost of GBX 496 ($6.23) per share, with a total value of £148.80 ($186.79).
  • On Monday, February 5th, Rakesh Thakrar acquired 30 shares of Phoenix Group stock. The stock was bought at an average cost of GBX 503 ($6.31) per share, with a total value of £150.90 ($189.43).
  • On Friday, January 5th, Rakesh Thakrar acquired 29 shares of Phoenix Group stock. The stock was bought at an average cost of GBX 519 ($6.52) per share, with a total value of £150.51 ($188.94).

Phoenix Group Trading Down 0.2 %

Shares of PHNX traded down GBX 1 ($0.01) during trading hours on Wednesday, hitting GBX 548 ($6.88). 2,759,038 shares of the stock were exchanged, compared to its average volume of 2,340,743. The company has a debt-to-equity ratio of 176.72, a current ratio of 0.19 and a quick ratio of 0.12. The business has a 50-day moving average of GBX 507.58 and a 200-day moving average of GBX 497.08. Phoenix Group Holdings plc has a fifty-two week low of GBX 436.40 ($5.48) and a fifty-two week high of GBX 614.20 ($7.71). The firm has a market capitalization of £5.48 billion, a P/E ratio of -3,928.57, a price-to-earnings-growth ratio of 1.95 and a beta of 0.74.

Phoenix Group Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 22nd. Investors of record on Thursday, April 11th will be given a dividend of GBX 26.65 ($0.33) per share. This is a positive change from Phoenix Group’s previous dividend of $26.00. This represents a dividend yield of 5.46%. The ex-dividend date of this dividend is Thursday, April 11th. Phoenix Group’s dividend payout ratio (DPR) is presently -37,857.14%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised their price target on shares of Phoenix Group from GBX 400 ($5.02) to GBX 415 ($5.21) and gave the company an “underweight” rating in a research note on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Phoenix Group presently has a consensus rating of “Hold” and a consensus target price of GBX 610.40 ($7.66).

View Our Latest Analysis on PHNX

Phoenix Group Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Phoenix Group (LON:PHNX)

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