Andrew Briggs Sells 151,586 Shares of Phoenix Group Holdings plc (LON:PHNX) Stock

Phoenix Group Holdings plc (LON:PHNX) insider Andrew Briggs sold 151,586 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of GBX 582 ($7.57), for a total value of £882,230.52 ($1,147,691.58).

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

• On Monday, January 6th, Andrew Briggs acquired 29 shares of Phoenix Group stock. The stock was purchased at an average price of GBX 514 ($6.69) per share, with a total value of £149.06 ($193.91).

Phoenix Group Price Performance

PHNX opened at GBX 582 ($7.57) on Thursday. The firm has a market cap of £5.82 billion, a P/E ratio of -11.15, a PEG ratio of 1.95 and a beta of 0.73. The company has a debt-to-equity ratio of 160.32, a quick ratio of 0.12 and a current ratio of 3.30. Phoenix Group Holdings plc has a fifty-two week low of GBX 475 ($6.18) and a fifty-two week high of GBX 590 ($7.68). The firm has a 50-day moving average of GBX 514.20 and a 200 day moving average of GBX 519.35.

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

Phoenix Group Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Thursday, April 3rd will be paid a GBX 27.35 ($0.36) 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 (DPR) is currently -101.58%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 650 ($8.46) target price on shares of Phoenix Group in a report on Monday, February 17th.

Phoenix Group Company Profile

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.