Phoenix Group (LON:PHNX) Insider Andrew Briggs Buys 20 Shares

Phoenix Group Holdings plc (LON:PHNX) insider Andrew Briggs acquired 20 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was bought at an average cost of GBX 550 per share, for a total transaction of £110.

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

• On Friday, December 5th, Andrew Briggs bought 22 shares of Phoenix Group stock. The shares were purchased at an average price of GBX 519 per share, for a total transaction of £114.18.
• On Thursday, November 6th, Andrew Briggs purchased 22 shares of Phoenix Group stock. The shares were purchased at an average cost of GBX 674 per share, for a total transaction of £148.28.

Phoenix Group Price Performance

Shares of LON PHNX traded down GBX 3.50 during midday trading on Tuesday, reaching GBX 742.50. The stock had a trading volume of 9,589,288 shares, compared to its average volume of 19,499,086. The company has a market capitalization of £7.42 billion, a price-to-earnings ratio of -11.71, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. Phoenix Group Holdings plc has a 12-month low of GBX 475.20 and a 12-month high of GBX 756.50. The stock has a 50-day moving average of GBX 695.07 and a 200-day moving average of GBX 672.58. The company has a debt-to-equity ratio of 160.32, a quick ratio of 0.12 and a current ratio of 3.30.

Phoenix Group (LON:PHNX) last issued its earnings results on Monday, December 15th. The company reported GBX 32.70 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 anticipate that Phoenix Group Holdings plc will post 51.179941 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Berenberg Bank increased their price target on Phoenix Group from GBX 850 to GBX 852 and gave the company a “buy” rating in a research note on Monday, October 13th. UBS Group raised Phoenix Group to a “buy” rating and raised their price target for the stock from GBX 670 to GBX 770 in a research note on Wednesday, December 17th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Phoenix Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 719.25.

About Phoenix Group

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. This means providing the right guidance and products, at the right time, to support the right choices.
We focus on delivering value for our shareholders through long-term predictable cash generation, which supports a stable and sustainable dividend.