Phoenix Group (LON:PHNX) Hits New 12-Month High - Still a Buy?

Phoenix Group Holdings plc (LON:PHNX - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The company traded as high as GBX 591.50 ($7.88) and last traded at GBX 589.50 ($7.85), with a volume of 6246619 shares traded. The stock had previously closed at GBX 581.50 ($7.74).

Analyst Ratings Changes

A number of research analysts have commented on PHNX shares. JPMorgan Chase & Co. increased their price target on shares of Phoenix Group from GBX 500 ($6.66) to GBX 565 ($7.52) and gave the company an "underweight" rating in a research report on Friday, March 28th. Berenberg Bank restated a "buy" rating and set a GBX 650 ($8.66) price target on shares of Phoenix Group in a research report on Monday, February 17th.

Phoenix Group Stock Performance

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 business has a fifty day moving average of GBX 545.31 and a 200-day moving average of GBX 521.23. The company has a market cap of £5.87 billion, a PE ratio of -11.26, a P/E/G ratio of 1.95 and a beta of 0.73.

Phoenix Group (LON:PHNX - Get Free Report) last posted its earnings results on Tuesday, March 18th. The company reported GBX 45.40 ($0.60) earnings per share (EPS) for the quarter. Phoenix Group had a negative return on equity of 21.76% and a negative net margin of 2.10%. Equities research analysts anticipate that Phoenix Group Holdings plc will post 51.179941 earnings per share for the current fiscal year.

Phoenix Group Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, April 24th will be given a GBX 27.35 ($0.36) dividend. This represents a dividend yield of 4.66%. This is a boost from Phoenix Group's previous dividend of $26.65. The ex-dividend date of this dividend is Thursday, April 24th. Phoenix Group's dividend payout ratio (DPR) is currently -101.58%.

Insider Activity

In related news, insider Andrew Briggs sold 151,586 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of GBX 582 ($7.75), for a total value of £882,230.52 ($1,174,741.04). Insiders own 14.96% of the company's stock.

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.