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

Phoenix Group Holdings plc (LON:PHNX - Get Free Report) insider Andrew Briggs sold 151,586 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of GBX 582 ($7.51), for a total transaction of £882,230.52 ($1,139,096.86).

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

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

Phoenix Group Trading Down 0.2 %

Shares of PHNX traded down GBX 1 ($0.01) during mid-day trading on Friday, reaching GBX 576.50 ($7.44). The company had a trading volume of 8,615,854 shares, compared to its average volume of 9,765,141. The firm has a fifty day simple moving average of GBX 517.95 and a 200-day simple moving average of GBX 519.83. 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 current ratio of 3.30, a quick ratio of 0.12 and a debt-to-equity ratio of 160.32. The stock has a market cap of £5.76 billion, a price-to-earnings ratio of -11.05, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73.

Phoenix Group (LON:PHNX - Get Free Report) last released its quarterly earnings results on Tuesday, March 18th. The company reported GBX 45.40 ($0.59) 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%. On average, sell-side analysts anticipate that Phoenix Group Holdings plc will post 51.179941 EPS for the current fiscal year.

Phoenix Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Thursday, April 3rd will be issued a GBX 27.35 ($0.35) dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This is a positive change from Phoenix Group's previous dividend of $26.65. This represents a dividend yield of 4.66%. Phoenix Group's payout ratio is -101.58%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 650 ($8.39) 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.