Insider Selling: Phoenix Group Holdings plc (LON:PHNX) Insider Sells 40,039 Shares of Stock

Phoenix Group Holdings plc (LON:PHNXGet Free Report) insider Andrew Briggs sold 40,039 shares of Phoenix Group stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of GBX 526 ($6.65), for a total transaction of £210,605.14 ($266,150.82).

Phoenix Group Stock Performance

Shares of PHNX opened at GBX 552.60 ($6.98) on Friday. Phoenix Group Holdings plc has a 12-month low of GBX 436.40 ($5.51) and a 12-month high of GBX 614.20 ($7.76). The firm’s 50 day moving average is GBX 506.14 and its 200-day moving average is GBX 496.96. The stock has a market capitalization of £5.53 billion, a P/E ratio of -673.90, a P/E/G ratio of 1.95 and a beta of 0.74. The company has a debt-to-equity ratio of 105.46, a current ratio of 0.23 and a quick ratio of 0.12.

Phoenix Group Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Thursday, April 11th will be issued a dividend of GBX 26.65 ($0.34) per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a dividend yield of 5.46%. This is a positive change from Phoenix Group’s previous dividend of $26.00. Phoenix Group’s payout ratio is currently -6,341.46%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lifted their price objective on shares of Phoenix Group from GBX 400 ($5.05) to GBX 415 ($5.24) and gave the stock an “underweight” rating in a research note on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of GBX 610.40 ($7.71).

Check Out Our Latest Stock Analysis on PHNX

About Phoenix Group

(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.

Further Reading

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

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