Phoenix Group Holdings plc (LON:PHNX) Insider Purchases £149.93 in Stock

Phoenix Group Holdings plc (LON:PHNX) insider Andrew Briggs purchased 29 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average cost of GBX 517 ($6.49) per share, for a total transaction of £149.93 ($188.35).

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

• On Tuesday, March 26th, Andrew Briggs sold 40,039 shares of Phoenix Group stock. The stock was sold at an average price of GBX 526 ($6.61), for a total value of £210,605.14 ($264,579.32).

Phoenix Group Stock Performance

LON:PHNX traded down GBX 9.30 ($0.12) during trading hours on Wednesday, reaching GBX 508.20 ($6.38). The stock had a trading volume of 3,999,547 shares, compared to its average volume of 2,716,579. Phoenix Group Holdings plc has a 12-month low of GBX 436.40 ($5.48) and a 12-month high of GBX 587 ($7.37). The company has a debt-to-equity ratio of 176.72, a quick ratio of 0.12 and a current ratio of 0.19. The stock has a 50 day simple moving average of GBX 510.36 and a 200 day simple moving average of GBX 500.34. The stock has a market cap of £5.08 billion, a P/E ratio of -3,641.69, a price-to-earnings-growth ratio of 1.95 and a beta of 0.74.

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 paid a GBX 26.65 ($0.33) dividend. This is a boost from Phoenix Group’s previous dividend of $26.00. This represents a yield of 5.46%. The ex-dividend date is Thursday, April 11th. Phoenix Group’s payout ratio is currently -37,857.14%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PHNX. Berenberg Bank decreased their price target on Phoenix Group from GBX 739 ($9.28) to GBX 650 ($8.17) and set a “buy” rating for the company in a report on Friday, April 19th. JPMorgan Chase & Co. boosted their price target on shares of Phoenix Group from GBX 445 ($5.59) to GBX 525 ($6.60) and gave the stock an “underweight” rating in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Phoenix Group has an average rating of “Hold” and an average target price of GBX 614.60 ($7.72).

About Phoenix Group

Phoenix Group Holdings plc operates in the long-term savings and retirement business in Europe. The company operates through five segments: Retirement Solutions, Pensions & Savings, With-Profits, SunLife & Protection, and Europe & Other. It provides a range of savings and retirement income products to support people across various stages of the savings life cycle.