Phoenix Group Holdings (LON:PHNX) announced a dividend on Wednesday, August 7th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 15th will be paid a dividend of GBX 23.40 ($0.31) per share on Monday, September 30th. This represents a yield of 3.47%. The ex-dividend date is Thursday, August 15th. The official announcement can be viewed at this link.
Shares of LON PHNX opened at GBX 692.80 ($9.05) on Wednesday. The company has a market cap of $4.96 billion and a price-to-earnings ratio of 11.90. The company has a debt-to-equity ratio of 38.77, a current ratio of 0.19 and a quick ratio of 0.09. The business has a 50-day simple moving average of GBX 704.17. Phoenix Group has a twelve month low of GBX 537.50 ($7.02) and a twelve month high of GBX 735.20 ($9.61).
Phoenix Group (LON:PHNX) last announced its earnings results on Wednesday, August 7th. The company reported GBX 3.70 ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of GBX 11.70 ($0.15) by GBX (8) (($0.10)). On average, sell-side analysts expect that Phoenix Group will post 2654.9998897 EPS for the current fiscal year.
In other news, insider Jim McConville sold 34,514 shares of the stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of GBX 696 ($9.09), for a total transaction of £240,217.44 ($313,886.63). Also, insider Clive Bannister sold 24,878 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of GBX 668 ($8.73), for a total value of £166,185.04 ($217,150.19).
A number of equities analysts have weighed in on PHNX shares. Deutsche Bank restated a “hold” rating on shares of Phoenix Group in a research note on Friday, July 12th. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 820 ($10.71) price objective on shares of Phoenix Group in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of GBX 787.20 ($10.29).
About Phoenix Group
Phoenix Group Holdings, a closed life assurance fund consolidator, acquires and manages closed life and pension funds primarily in the United Kingdom. It operates through four segments: UK Heritage, UK Open, Europe, and Management Services. It also provides financing services. The company was formerly known as Pearl Group and changed its name to Phoenix Group Holdings in March 2010.
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