Phoenix Group (LON:PHNX) Share Price Passes Above 200 Day Moving Average - Here's Why

Phoenix Group Holdings plc (LON:PHNX - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 519.79 ($6.64) and traded as high as GBX 547 ($6.99). Phoenix Group shares last traded at GBX 542.66 ($6.93), with a volume of 294,662,563 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on PHNX shares. Berenberg Bank restated a "buy" rating and issued a GBX 650 ($8.31) price target on shares of Phoenix Group in a research report on Monday, February 17th. JPMorgan Chase & Co. increased their price objective on Phoenix Group from GBX 500 ($6.39) to GBX 565 ($7.22) and gave the company an "underweight" rating in a report on Friday, March 28th.

Phoenix Group Price 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's 50-day simple moving average is GBX 531.56 and its two-hundred day simple moving average is GBX 519. The firm has a market cap of £5.15 billion, a price-to-earnings ratio of -9.87, a P/E/G ratio of 1.95 and a beta of 0.73.

Phoenix Group (LON:PHNX - Get Free Report) last posted its quarterly earnings data on Tuesday, March 18th. The company reported GBX 45.40 ($0.58) earnings per share for the quarter. Phoenix Group had a negative net margin of 2.10% and a negative return on equity of 21.76%. As a group, research 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. Investors of record on Thursday, April 24th will be given a dividend of GBX 27.35 ($0.35) per share. This is a positive change from Phoenix Group's previous dividend of $26.65. The ex-dividend date is Thursday, April 24th. This represents a dividend yield of 4.66%. Phoenix Group's dividend payout ratio is presently -101.58%.

Insiders Place Their Bets

In other Phoenix Group news, insider Andrew Briggs sold 151,586 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of GBX 582 ($7.44), for a total value of £882,230.52 ($1,127,307.08). 14.96% of the stock is currently owned by corporate insiders.

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.