Phoenix Group (LON:PHNX) Issues Earnings Results

Phoenix Group (LON:PHNX) posted its quarterly earnings results on Tuesday. The company reported GBX 45.40 ($0.59) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Phoenix Group had a negative net margin of 2.10% and a negative return on equity of 21.76%.

Phoenix Group Trading Down 1.6 %

LON PHNX traded down GBX 9.50 ($0.12) on Thursday, hitting GBX 572.50 ($7.45). 7,602,139 shares of the stock were exchanged, compared to its average volume of 9,764,418. The company’s 50-day moving average price is GBX 514.20 and its two-hundred day moving average price is GBX 519.35. The company has a market capitalization of £5.72 billion, a price-to-earnings ratio of -10.97, a P/E/G ratio of 1.95 and a beta of 0.73. Phoenix Group has a 52-week low of GBX 475 ($6.18) and a 52-week high of GBX 590 ($7.68). The company has a debt-to-equity ratio of 160.32, a current ratio of 3.30 and a quick ratio of 0.12.

Phoenix Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 21st. Investors of record on Thursday, April 3rd will be paid a GBX 27.35 ($0.36) dividend. This is a positive change from Phoenix Group’s previous dividend of $26.65. The ex-dividend date is Thursday, April 3rd. This represents a yield of 4.66%. Phoenix Group’s dividend payout ratio (DPR) is currently -101.58%.

Insider Transactions at Phoenix Group

In related news, insider Andrew Briggs sold 151,586 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of GBX 582 ($7.57), for a total transaction of £882,230.52 ($1,147,691.58). 14.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 650 ($8.46) target price on shares of Phoenix Group in a report on Monday, February 17th.

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.