Insider Buying: Phoenix Group (LON:PHNX) Insider Buys £110 in Stock

Phoenix Group Holdings plc (LON:PHNX) insider Andrew Briggs bought 20 shares of the stock in a transaction on Tuesday, January 6th. The stock was purchased at an average price of GBX 550 per share, for a total transaction of £110.

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

• On Friday, December 5th, Andrew Briggs purchased 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.
• On Thursday, November 6th, Andrew Briggs bought 22 shares of Phoenix Group stock. The stock was acquired at an average cost of GBX 674 per share, with a total value of £148.28.

Phoenix Group Stock Performance

Shares of PHNX opened at GBX 743.50 on Friday. The firm has a market cap of £7.45 billion, a price-to-earnings ratio of -11.73, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The company’s fifty day moving average is GBX 698.44 and its 200-day moving average is GBX 674.07. 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 Holdings plc has a 12 month low of GBX 475.20 and a 12 month high of GBX 756.50.

Phoenix Group (LON:PHNX) last issued its quarterly earnings data on Monday, December 15th. The company reported GBX 32.70 earnings per share (EPS) for the quarter. Phoenix Group had a negative net margin of 2.10% and a negative return on equity of 21.76%. Equities analysts expect that Phoenix Group Holdings plc will post 51.179941 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PHNX has been the subject of several research reports. UBS Group upgraded shares of Phoenix Group to a “buy” rating and increased their target price for the company from GBX 670 to GBX 770 in a research note on Wednesday, December 17th. Berenberg Bank raised their price objective on Phoenix Group from GBX 850 to GBX 852 and gave the stock a “buy” rating in a research report on Monday, October 13th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 719.25.

About Phoenix Group

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. This means providing the right guidance and products, at the right time, to support the right choices.
We focus on delivering value for our shareholders through long-term predictable cash generation, which supports a stable and sustainable dividend.