Andrew Briggs Sells 151,586 Shares of Phoenix Group Holdings plc (LON:PHNX) Stock

Phoenix Group Holdings plc (LON:PHNX) insider Andrew Briggs sold 151,586 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of GBX 582 ($7.55), for a total transaction of £882,230.52 ($1,143,971.11).

Andrew Briggs also recently made the following trade(s):

• On Monday, January 6th, Andrew Briggs purchased 29 shares of Phoenix Group stock. The shares were purchased at an average cost of GBX 514 ($6.66) per share, with a total value of £149.06 ($193.28).

Phoenix Group Stock Performance

PHNX opened at GBX 577.50 ($7.49) on Friday. Phoenix Group Holdings plc has a 52-week low of GBX 475 ($6.16) and a 52-week high of GBX 590 ($7.65). The company has a quick ratio of 0.12, a current ratio of 3.30 and a debt-to-equity ratio of 160.32. The company has a market cap of £5.77 billion, a P/E ratio of -11.07, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The firm’s 50-day moving average price is GBX 516.01 and its 200-day moving average price is GBX 519.43.

Phoenix Group (LON:PHNX) last posted its quarterly earnings data on Tuesday, March 18th. The company reported GBX 45.40 ($0.59) earnings per share (EPS) 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, equities analysts anticipate that Phoenix Group Holdings plc will post 51.179941 EPS for the current fiscal year.

Phoenix Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 21st. Investors of record on Thursday, April 3rd will be issued a GBX 27.35 ($0.35) dividend. This represents a yield of 4.66%. The ex-dividend date of this dividend is Thursday, April 3rd. This is an increase from Phoenix Group’s previous dividend of $26.65. Phoenix Group’s dividend payout ratio is -101.58%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 650 ($8.43) price objective on shares of Phoenix Group in a report on Monday, February 17th.

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.