Phoenix Group (LON:PHNX) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Shares of Phoenix Group Holdings plc (LON:PHNX - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 518.61 ($6.90) and traded as high as GBX 565.50 ($7.52). Phoenix Group shares last traded at GBX 564 ($7.50), with a volume of 170,067,516 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Phoenix Group from GBX 500 ($6.65) to GBX 565 ($7.51) and gave the company an "underweight" rating in a research note on Friday, March 28th. Berenberg Bank reiterated a "buy" rating and issued a GBX 650 ($8.64) price objective on shares of Phoenix Group in a report on Monday, February 17th.

Phoenix Group Stock Up 0.7 %

The company has a debt-to-equity ratio of 160.32, a quick ratio of 0.12 and a current ratio of 3.30. The stock's 50-day moving average price is GBX 538.21 and its two-hundred day moving average price is GBX 519.59. The stock has a market capitalization of £5.78 billion, a PE ratio of -11.09, a P/E/G ratio of 1.95 and a beta of 0.73.

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

Phoenix Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, April 24th will be paid a dividend of GBX 27.35 ($0.36) per share. This represents a yield of 4.66%. This is an increase from Phoenix Group's previous dividend of $26.65. The ex-dividend date 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 Phoenix Group stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of GBX 582 ($7.74), for a total value of £882,230.52 ($1,173,022.90). Corporate insiders own 14.96% of the company's stock.

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.