Phoenix Group (LON:PHNX) Insider Purchases £118.02 in Stock

Phoenix Group Holdings plc (LON:PHNX) insider Nicolaos Nicandrou purchased 21 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was bought at an average cost of GBX 562 per share, with a total value of £118.02.

Nicolaos Nicandrou also recently made the following trade(s):

• On Tuesday, January 6th, Nicolaos Nicandrou purchased 19 shares of Phoenix Group stock. The shares were purchased at an average cost of GBX 564 per share, for a total transaction of £107.16.

Phoenix Group Trading Down 0.7%

PHNX traded down GBX 5 during trading on Friday, hitting GBX 749.50. The company’s stock had a trading volume of 1,190,518 shares, compared to its average volume of 11,516,366. The firm has a market capitalization of £7.51 billion, a P/E ratio of -11.82, a PEG ratio of 1.95 and a beta of 0.73. Phoenix Group Holdings plc has a twelve month low of GBX 485.20 and a twelve month high of GBX 766. 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 stock’s fifty day moving average price is GBX 725.09 and its 200-day moving average price is GBX 686.89.

Phoenix Group (LON:PHNX) last posted its quarterly earnings results on Monday, December 15th. The company reported GBX 32.70 earnings per share for the quarter. Phoenix Group had a negative return on equity of 21.76% and a negative net margin of 2.10%. Analysts anticipate that Phoenix Group Holdings plc will post 51.179941 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. UBS Group upgraded Phoenix Group to a “buy” rating and increased their target price for the stock from GBX 670 to GBX 770 in a research report on Wednesday, December 17th. The Goldman Sachs Group raised Phoenix Group to a “neutral” rating and raised their price target for the company from GBX 593 to GBX 752 in a report on Wednesday, January 21st. Berenberg Bank boosted their price objective on Phoenix Group from GBX 852 to GBX 918 and gave the stock a “buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. raised their target price on shares of Phoenix Group from GBX 605 to GBX 620 and gave the company an “underweight” rating in a research note on Thursday. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 750.

Phoenix Group Company Profile

Phoenix Group is one of the UK’s largest long-term savings and retirement businesses with over £290 billion of assets under administration and c. 12 million customers. We were founded in 1782 and are based in London, UK, and our family of brands include Standard Life, SunLife and ReAssure. We are a constituent of the FTSE 100 with c. 6,600 colleagues and offer a broad range of savings and retirement income products to support people across all stages of their savings journey. We are a growing and sustainable business with a clear purpose – helping people secure a life of possibilities.