Phoenix Group (LON:PHNX) Announces Quarterly Earnings Results

Phoenix Group (LON:PHNX) announced its quarterly earnings data on Tuesday. The company reported GBX 45.40 ($0.59) 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 Stock Performance

PHNX opened at GBX 575 ($7.48) on Thursday. The company has a debt-to-equity ratio of 160.32, a current ratio of 3.30 and a quick ratio of 0.12. The firm has a fifty day moving average price of GBX 514.20 and a 200 day moving average price of GBX 519.35. Phoenix Group has a 1 year low of GBX 475 ($6.18) and a 1 year high of GBX 590 ($7.68). The stock has a market cap of £5.75 billion, a P/E ratio of -11.02, a P/E/G ratio of 1.95 and a beta of 0.73.

Phoenix Group Increases Dividend

The company also recently announced 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 boost 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 payout ratio is currently -101.58%.

Insider Activity at Phoenix Group

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

Wall Street Analyst Weigh In

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

Phoenix Group Company Profile

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.