Phoenix Group Holdings plc (LON:PHNX) Insider Sells £882,230.52 in Stock

Phoenix Group Holdings plc (LON:PHNX) insider Andrew Briggs sold 151,586 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of GBX 582 ($7.51), for a total value of £882,230.52 ($1,139,096.86).

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

• On Monday, January 6th, Andrew Briggs bought 29 shares of Phoenix Group stock. The stock was acquired at an average price of GBX 514 ($6.64) per share, for a total transaction of £149.06 ($192.46).

Phoenix Group Price Performance

Shares of PHNX opened at GBX 576.50 ($7.44) on Friday. The company has a market capitalization of £5.76 billion, a price-to-earnings ratio of -11.05, a P/E/G ratio of 1.95 and a beta of 0.73. Phoenix Group Holdings plc has a fifty-two week low of GBX 475 ($6.13) and a fifty-two week high of GBX 590 ($7.62). The company has a debt-to-equity ratio of 160.32, a current ratio of 3.30 and a quick ratio of 0.12. The business’s 50-day moving average is GBX 517.95 and its 200-day moving average is GBX 519.83.

Phoenix Group (LON:PHNX) last issued its earnings results on Tuesday, March 18th. The company reported GBX 45.40 ($0.59) earnings per share for the quarter. Phoenix Group had a negative return on equity of 21.76% and a negative net margin of 2.10%. Equities research analysts expect that Phoenix Group Holdings plc will post 51.179941 EPS for the current fiscal year.

Phoenix Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 21st. Investors of record on Thursday, April 3rd will be issued a GBX 27.35 ($0.35) dividend. The ex-dividend date is Thursday, April 3rd. This represents a yield of 4.66%. This is an increase from Phoenix Group’s previous dividend of $26.65. Phoenix Group’s dividend payout ratio is currently -101.58%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 650 ($8.39) target price on shares of Phoenix Group in a report on Monday, February 17th.

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.