Phoenix Group Holdings (LON:PHNX) Insider Rakesh Thakrar Sells 9,002 Shares

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Phoenix Group Holdings (LON:PHNX) insider Rakesh Thakrar sold 9,002 shares of the business’s stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of GBX 667 ($8.72), for a total value of £60,043.34 ($78,457.26).

Rakesh Thakrar also recently made the following trade(s):

  • On Wednesday, September 5th, Rakesh Thakrar purchased 21 shares of Phoenix Group stock. The shares were acquired at an average price of GBX 704 ($9.20) per share, with a total value of £147.84 ($193.18).

Shares of LON PHNX opened at GBX 624.50 ($8.16) on Friday. Phoenix Group Holdings has a one year low of GBX 719 ($9.40) and a one year high of GBX 820 ($10.71).

Phoenix Group (LON:PHNX) last issued its earnings results on Thursday, August 23rd. The company reported GBX (6.10) (($0.08)) EPS for the quarter. Phoenix Group had a negative net margin of 3.26% and a negative return on equity of 5.87%.

The business also recently declared a dividend, which was paid on Monday, October 1st. Shareholders of record on Thursday, September 6th were given a GBX 22.60 ($0.30) dividend. This represents a yield of 3.2%. The ex-dividend date was Thursday, September 6th.

PHNX has been the subject of a number of research analyst reports. Royal Bank of Canada upgraded Phoenix Group to a “top pick” rating and set a GBX 820 ($10.71) price target for the company in a report on Monday, July 9th. Deutsche Bank cut their target price on Phoenix Group from GBX 827 ($10.81) to GBX 740 ($9.67) and set a “hold” rating for the company in a research note on Wednesday, July 4th. Numis Securities upgraded Phoenix Group to an “add” rating and cut their target price for the company from GBX 838 ($10.95) to GBX 755 ($9.87) in a research note on Friday, July 13th. Finally, Barclays upped their target price on Phoenix Group from GBX 667 ($8.72) to GBX 688 ($8.99) and gave the company an “underweight” rating in a research note on Friday, September 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 791.79 ($10.35).

About Phoenix Group

Phoenix Group Holdings, a closed life assurance fund consolidator, acquires and manages closed life and pension funds primarily in the United Kingdom. It also provides financing services. The company was formerly known as Pearl Group and changed its name to Phoenix Group Holdings in March 2010. Phoenix Group Holdings was founded in 1782 and is headquartered in London, the United Kingdom.

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Insider Buying and Selling by Quarter for Phoenix Group (LON:PHNX)

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