Phoenix Group Holdings (LON:PHNX) announced a dividend on Monday, March 20th. Investors 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 dividend yield of 3%. The ex-dividend date of this dividend is Thursday, March 30th. The official announcement can be seen at this link.
Shares of Phoenix Group Holdings (LON:PHNX) traded down 0.34% during mid-day trading on Friday, hitting GBX 739.00. The company had a trading volume of 593,070 shares. The stock’s 50-day moving average is GBX 766.58 and its 200-day moving average is GBX 746.45. Phoenix Group Holdings has a 52-week low of GBX 610.22 and a 52-week high of GBX 817.48. The stock’s market cap is GBX 2.90 billion.
PHNX has been the topic of several research analyst reports. Shore Capital reaffirmed a “buy” rating on shares of Phoenix Group Holdings in a research note on Tuesday, January 10th. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 785 ($9.88) price objective on shares of Phoenix Group Holdings in a research note on Wednesday, January 11th. Berenberg Bank raised shares of Phoenix Group Holdings to a “buy” rating and upped their price objective for the stock from GBX 759 ($9.55) to GBX 821 ($10.33) in a research note on Monday, January 23rd. Deutsche Bank AG began coverage on shares of Phoenix Group Holdings in a research note on Monday, January 30th. They set a “buy” rating and a GBX 835 ($10.51) price target on the stock. Finally, Barclays PLC reissued an “underweight” rating and set a GBX 673 ($8.47) price target on shares of Phoenix Group Holdings in a research note on Wednesday, February 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Phoenix Group Holdings has a consensus rating of “Buy” and an average price target of GBX 820 ($10.32).
In related news, insider John Pollock bought 10,000 shares of Phoenix Group Holdings stock in a transaction that occurred on Monday, April 3rd. The stock was acquired at an average price of GBX 745 ($9.38) per share, with a total value of £74,500 ($93,769.67). Also, insider Nicholas Shott bought 5,000 shares of Phoenix Group Holdings stock in a transaction that occurred on Monday, March 27th. The shares were bought at an average cost of GBX 782 ($9.84) per share, with a total value of £39,100 ($49,213.34). In the last three months, insiders bought 25,050 shares of company stock valued at $19,008,043.
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Phoenix Group Holdings Company Profile
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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