Phoenix Group Holdings (PHNX)

Sector:

Insurance

Index:

FTSE 100

645.40p
   
  • Change Today:
      19.20p
  • 52 Week High: 752.00
  • 52 Week Low: 571.20
  • Currency: UK Pounds
  • Shares Issued: 999.56m
  • Volume: 1,918,256
  • Market Cap: £6,451m

Phoenix on track to hit cash generation target as profits rise

By Frank Prenesti

Date: Wednesday 11 Aug 2021

LONDON (ShareCast) - (Sharecast News) - UK life insurer Phoenix said it was on track to hit the upper end of its annual cash generation target range as it unveiled higher interim profits on Wednesday.
The company said first-half operating profits rose 46% to £527m, but below forecasts of £539m, according to a company-compiled consensus poll.

Phoenix set a cash-generation target of £1.5bn - £1.6bn for 2021.

On a pre-tax basis, the company swung to £679m loss in the six months to June 30, compared to a profit of £663m a year ago. Phoenix cited an adverse investment return arising on hedging positions, along with increased amortisation charges on intangible assets and higher financing costs.

Cash generation more than doubled to £872m, beating forecasts of £772m and the interim dividend was lifted 3% to 24.1p a share.

"Phoenix has made further strong progress against our stated priorities of cash, resilience and growth," said chief executive Andy Briggs.

"We look forward to continuing to execute against our strategic priorities in the second half of the year as we build on our position as the UK's largest long-term savings and retirement business."



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

PHNX Market Data

Currency UK Pounds
Share Price 645.40p
Change Today 19.20p
% Change 3.07 %
52 Week High 752.00
52 Week Low 571.20
Volume 1,918,256
Shares Issued 999.56m
Market Cap £6,451m

PHNX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.41% above the market average88.41% above the market average88.41% above the market average88.41% above the market average88.41% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Price Trend
5.47% above the market average5.47% above the market average5.47% above the market average5.47% above the market average5.47% above the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Income
73.18% above the market average73.18% above the market average73.18% above the market average73.18% above the market average73.18% above the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Growth
90.39% above the market average90.39% above the market average90.39% above the market average90.39% above the market average90.39% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 10
Buy 1
Neutral 5
Sell 0
Strong Sell 0
Total 16
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PHNX Dividends

  Latest Previous
  Final Interim
Ex-Div 31-Mar-22 19-Aug-21
Paid 09-May-22 03-Sep-21
Amount 24.80p 24.10p

Trades for 23-May-2022

Time Volume / Share Price
16:39 28,228 @ 645.40p
16:37 28,228 @ 645.40p
16:35 858,805 @ 645.40p
16:29 38 @ 643.60p
16:29 28 @ 643.60p

PHNX Key Personnel

Chair Nicholas Lyons
CEO Andrew Briggs

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