Phoenix Group (LON:PHNX) Announces Quarterly Earnings Results

Phoenix Group (LON:PHNX - Get Free Report) released its earnings results on Tuesday. The company reported GBX 45.40 ($0.59) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Phoenix Group had a negative net margin of 2.10% and a negative return on equity of 21.76%.

Phoenix Group Stock Down 0.2 %

Shares of Phoenix Group stock traded down GBX 1 ($0.01) during midday trading on Friday, reaching GBX 576.50 ($7.44). 8,615,854 shares of the company's stock traded hands, compared to its average volume of 9,765,141. The company 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. The company's 50 day simple moving average is GBX 517.95 and its 200 day simple moving average is GBX 519.83. 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 has a 52 week low of GBX 475 ($6.13) and a 52 week high of GBX 590 ($7.62).

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 dividend of GBX 27.35 ($0.35) per share. The ex-dividend date is Thursday, April 3rd. This represents a dividend 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 Ratings Changes

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

Insider Activity

In related news, insider Andrew Briggs sold 151,586 shares of Phoenix Group stock in a transaction on 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). 14.96% of the stock is owned by insiders.

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.