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

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

Phoenix Group Stock Performance

PHNX opened at GBX 542.20 ($6.85) on Thursday. The company’s 50 day moving average is GBX 504.34 and its 200 day moving average is GBX 496.32. The company has a current ratio of 0.23, a quick ratio of 0.12 and a debt-to-equity ratio of 105.46. The company has a market cap of £5.42 billion, a price-to-earnings ratio of -661.22, a PEG ratio of 1.95 and a beta of 0.74. 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).

Phoenix Group Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PHNX. JPMorgan Chase & Co. upped their target price on shares of Phoenix Group from GBX 400 ($5.05) to GBX 415 ($5.24) and gave the company an “underweight” rating in a research note on Wednesday, December 6th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Phoenix Group from GBX 630 ($7.96) to GBX 540 ($6.82) and set a “hold” rating on the stock in a research report on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Phoenix Group presently has an average rating of “Hold” and an average target price of GBX 617 ($7.80).

About Phoenix Group

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.