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

Phoenix Group Holdings plc (LON:PHNX) insider Andrew Briggs purchased 21 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was purchased at an average price of GBX 562 per share, with a total value of £118.02.

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

• On Tuesday, January 6th, Andrew Briggs bought 20 shares of Phoenix Group stock. The stock was purchased at an average price of GBX 550 per share, with a total value of £110.
• On Friday, December 5th, Andrew Briggs purchased 22 shares of Phoenix Group stock. The shares were acquired at an average price of GBX 519 per share, with a total value of £114.18.

Phoenix Group Price Performance

LON:PHNX opened at GBX 748.50 on Monday. Phoenix Group Holdings plc has a 12-month low of GBX 485.20 and a 12-month high of GBX 766. The firm has a market capitalization of £7.50 billion, a price-to-earnings ratio of -11.81, a P/E/G ratio of 1.95 and a beta of 0.73. The stock’s 50 day moving average price is GBX 726.16 and its two-hundred day moving average price is GBX 688.02. The company has a quick ratio of 0.12, a current ratio of 3.30 and a debt-to-equity ratio of 160.32.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on PHNX shares. Berenberg Bank increased their price objective on shares of Phoenix Group from GBX 852 to GBX 918 and gave the company a “buy” rating in a research report on Thursday. UBS Group upgraded shares of Phoenix Group to a “buy” rating and upped their price target for the company from GBX 670 to GBX 770 in a research note on Wednesday, December 17th. The Goldman Sachs Group raised shares of Phoenix Group to a “neutral” rating and increased their price target for the company from GBX 593 to GBX 752 in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. raised their price target on shares of Phoenix Group from GBX 605 to GBX 620 and gave the stock an “underweight” rating in a research report on Thursday. Three investment 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. Based on data from MarketBeat.com, Phoenix Group currently has an average rating of “Hold” and a consensus target price 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.