Phoenix Group Holdings (LON:PHNX) declared a dividend on Monday, March 20th. Shareholders of record on Thursday, March 30th will be paid a dividend of GBX 23.90 ($0.30) per share on Monday, May 15th. This represents a yield of 3%. The ex-dividend date of this dividend is Thursday, March 30th. The official announcement can be viewed at this link.
Shares of Phoenix Group Holdings (LON:PHNX) opened at 797.50 on Tuesday. The stock has a 50 day moving average of GBX 774.69 and a 200 day moving average of GBX 742.72. Phoenix Group Holdings has a one year low of GBX 610.22 and a one year high of GBX 817.48. The stock’s market cap is GBX 1.82 billion.
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PHNX has been the topic of several recent analyst reports. Shore Capital reaffirmed a “buy” rating on shares of Phoenix Group Holdings in a report on Tuesday, January 10th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Phoenix Group Holdings in a report on Monday, February 20th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 821 ($10.14) price target on shares of Phoenix Group Holdings in a report on Thursday, February 9th. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 785 ($9.69) price target on shares of Phoenix Group Holdings in a report on Wednesday, January 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of Phoenix Group Holdings from GBX 783 ($9.67) to GBX 793 ($9.79) and gave the company an “overweight” rating in a report on Tuesday, February 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of GBX 803.86 ($9.93).
In other Phoenix Group Holdings news, insider Henry Staunton bought 38,334 shares of the company’s stock in a transaction on Friday, December 23rd. The shares were bought at an average cost of GBX 731 ($9.03) per share, with a total value of £280,221.54 ($346,080.70). Also, insider Jim McConville sold 90,535 shares of the stock in a transaction on Thursday, January 5th. The stock was sold at an average price of GBX 753 ($9.30), for a total transaction of £681,728.55 ($841,952.02). Insiders have acquired 48,383 shares of company stock worth $35,669,733 over the last three months.
About Phoenix Group Holdings
Phoenix Group Holdings is a specialist closed life assurance fund consolidator that specializes in the management and acquisition of closed life and pension funds. The Company operates through the Phoenix Life segment. The Phoenix Life segment provides a range of whole life, term assurance and pension products.
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