Insider Buying: Phoenix Group Holdings (PHNX) Insider Acquires £122.88 in Stock
Phoenix Group Holdings (LON:PHNX) insider Andrew Moss purchased 16 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were bought at an average price of GBX 768 ($9.92) per share, with a total value of £122.88 ($158.70).
Phoenix Group Holdings (LON PHNX) opened at 734.50 on Friday. The stock’s market cap is GBX 2.88 billion. The stock has a 50 day moving average price of GBX 769.36 and a 200-day moving average price of GBX 764.65. Phoenix Group Holdings has a 52 week low of GBX 691.00 and a 52 week high of GBX 817.48.
The company also recently declared a dividend, which will be paid on Monday, October 2nd. Investors of record on Thursday, September 7th will be given a dividend of GBX 25.10 ($0.32) per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a dividend yield of 3.24%. This is an increase from Phoenix Group Holdings’s previous dividend of $23.90.
A number of equities analysts have issued reports on the company. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 837 ($10.81) price target on shares of Phoenix Group Holdings in a research note on Friday, August 25th. Shore Capital restated a “buy” rating on shares of Phoenix Group Holdings in a research note on Thursday, August 24th. Deutsche Bank AG restated a “buy” rating and issued a GBX 875 ($11.30) target price on shares of Phoenix Group Holdings in a research note on Thursday, June 15th. Numis Securities Ltd restated a “hold” rating and issued a GBX 785 ($10.14) target price on shares of Phoenix Group Holdings in a research note on Tuesday, July 18th. Finally, Barclays PLC restated an “underweight” rating and issued a GBX 673 ($8.69) target price on shares of Phoenix Group Holdings in a research note on Wednesday, June 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of GBX 803 ($10.37).
Phoenix Group Holdings Company Profile
Phoenix Group Holdings is a consolidator of closed life assurance funds specializing in the management and acquisition of closed life and pension funds. The Company’s segment: life assurance (including its management services operations) is referred to as Phoenix Life. It has four operating life companies, which hold policyholder assets and a distribution business, SunLife.
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