Phoenix Group (LON:PHNX) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Phoenix Group Holdings plc (LON:PHNX) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 519.71 ($6.69) and traded as high as GBX 580.77 ($7.48). Phoenix Group shares last traded at GBX 574.78 ($7.40), with a volume of 373,407,594 shares.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 650 ($8.37) price objective on shares of Phoenix Group in a report on Monday, February 17th.

Phoenix Group Price Performance

The firm has a market cap of £5.75 billion, a P/E ratio of -11.02, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The stock’s 50-day moving average is GBX 523.27 and its 200-day moving average is GBX 519.71. 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 quarterly earnings results on Tuesday, March 18th. The company reported GBX 45.40 ($0.58) earnings per share (EPS) for the quarter. Phoenix Group had a negative return on equity of 21.76% and a negative net margin of 2.10%. As a group, equities analysts anticipate that Phoenix Group Holdings plc will post 51.179941 EPS for the current fiscal year.

Phoenix Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Thursday, April 3rd will be paid a GBX 27.35 ($0.35) dividend. This is a positive change from Phoenix Group’s previous dividend of $26.65. This represents a dividend yield of 4.66%. The ex-dividend date is Thursday, April 3rd. Phoenix Group’s dividend payout ratio is currently -101.58%.

Insiders Place Their Bets

In other Phoenix Group news, insider Andrew Briggs sold 151,586 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of GBX 582 ($7.49), for a total value of £882,230.52 ($1,135,870.37). Corporate insiders own 14.96% of the company’s stock.

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.