Phoenix Group (LON:PHNX) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Phoenix Group Holdings plc (LON:PHNX - Get Free Report)'s share price 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 traded.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PHNX. Berenberg Bank reissued a "buy" rating and issued a GBX 650 ($8.64) target price on shares of Phoenix Group in a report on Monday, February 17th. JPMorgan Chase & Co. boosted 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.

Phoenix Group Stock Performance

The stock's 50-day moving average is GBX 538.21 and its 200 day moving average is GBX 519.31. The stock has a market cap of £5.78 billion, a price-to-earnings ratio of -11.09, a P/E/G ratio of 1.95 and a beta of 0.73. The company has a debt-to-equity ratio of 160.32, a current ratio of 3.30 and a quick ratio of 0.12.

Phoenix Group (LON:PHNX - Get Free Report) last posted its quarterly 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 predict 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. Shareholders of record on Thursday, April 24th will be given a dividend of GBX 27.35 ($0.36) per share. This is a positive change from Phoenix Group's previous dividend of $26.65. This represents a dividend yield of 4.66%. The ex-dividend date of this dividend is Thursday, April 24th. Phoenix Group's payout ratio is presently -101.58%.

Insider Activity

In related news, insider Andrew Briggs sold 151,586 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of GBX 582 ($7.74), for a total value of £882,230.52 ($1,173,022.90). 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.