Phoenix Group Holdings plc (LON:PHNX) Insider Nicholas Shott Purchases 107,427 Shares

Phoenix Group Holdings plc (LON:PHNX – Get Rating) insider Nicholas Shott bought 107,427 shares of the stock in a transaction dated Monday, March 13th. The stock was bought at an average price of GBX 602 ($7.34) per share, for a total transaction of £646,710.54 ($788,190.79).

Phoenix Group Price Performance

PHNX stock opened at GBX 597.40 ($7.28) on Wednesday. The business has a fifty day moving average of GBX 629.45 and a two-hundred day moving average of GBX 596.57. The company has a quick ratio of 0.12, a current ratio of 0.27 and a debt-to-equity ratio of 73.43. The stock has a market cap of £5.97 billion, a price-to-earnings ratio of -568.95, a price-to-earnings-growth ratio of 1.95 and a beta of 0.78. Phoenix Group Holdings plc has a 52-week low of GBX 501 ($6.11) and a 52-week high of GBX 690.40 ($8.41).

Phoenix Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 10th. Shareholders of record on Thursday, March 30th will be paid a dividend of GBX 26 ($0.32) per share. This is a boost from Phoenix Group’s previous dividend of $24.80. The ex-dividend date is Thursday, March 30th. This represents a yield of 4.21%. Phoenix Group’s dividend payout ratio (DPR) is -4,761.90%.

Wall Street Analyst Weigh In

PHNX has been the topic of a number of recent research reports. Barclays lowered their target price on Phoenix Group from GBX 790 ($9.63) to GBX 765 ($9.32) and set an “overweight” rating on the stock in a research note on Tuesday, February 14th. Berenberg Bank raised their target price on Phoenix Group from GBX 815 ($9.93) to GBX 820 ($9.99) and gave the company a “buy” rating in a research report on Monday, January 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 680 ($8.29) price target on shares of Phoenix Group in a report on Wednesday, December 7th. Finally, JPMorgan Chase & Co. cut their price target on Phoenix Group from GBX 665 ($8.10) to GBX 655 ($7.98) and set a “neutral” rating for the company in a report on Tuesday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 723.33 ($8.82).

About Phoenix Group

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Phoenix Group Holdings plc operates in the long-term savings and retirement business in Europe. The company operates through four segments: UK Heritage, UK Open, Europe, and Management Services. It provides a range of pensions and savings products to support people across various stages of the savings life cycle.