Phoenix Group Holdings (PHNX)

Sector:

Insurance

Index:

FTSE 100

515.00p
   
  • Change Today:
      10.50p
  • 52 Week High: 582.20
  • 52 Week Low: 441.60
  • Currency: UK Pounds
  • Shares Issued: 1,001.56m
  • Volume: 3,789,583
  • Market Cap: £5,158m

UK life insurers' exposure to Thames Water is 'minimal', Citi says

By Alexander Bueso

Date: Friday 30 Jun 2023

LONDON (ShareCast) - (Sharecast News) - Analysts at Citi pointed out on Thursday that the UK life insurance sector's direct exposure to Thames Water was "minimal".
They estimated that it was in a range of 0.2-0.3% of Aviva, L&G and Phoenix Holdings's annuity portfolios and less than 0.5% M&G's.

Furthermore, most of that debt was held at the opco level.

"Zooming out, Utilities represent c.10%-20% of corporate bond portfolios and there could be some downward pressure from ratings migration here (especially from other water companies) but overall we note that UK life insurers have a strong track record of managing credit risk.

"While the fundamental impact appears manageable this is another potential area of investor concern for what is a credit geare subsector."

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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 515.00p
Change Today 10.50p
% Change 2.08 %
52 Week High 582.20
52 Week Low 441.60
Volume 3,789,583
Shares Issued 1,001.56m
Market Cap £5,158m

PHNX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
58.02% above the market average58.02% above the market average58.02% above the market average58.02% above the market average58.02% above the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Price Trend
20.69% below the market average20.69% below the market average20.69% below the market average20.69% below the market average20.69% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Income
93.46% above the market average93.46% above the market average93.46% above the market average93.46% above the market average93.46% 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
Growth
63.2% below the market average63.2% below the market average63.2% below the market average63.2% below the market average63.2% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average

What The Brokers Say

Strong Buy 3
Buy 4
Neutral 4
Sell 2
Strong Sell 0
Total 13
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 11-Apr-24 28-Sep-23
Paid 22-May-24 23-Oct-23
Amount 26.65p 26.00p

Trades for 15-May-2024

Time Volume / Share Price
16:47 11,735 @ 513.99p
15:44 49 @ 512.50p
16:35 1,273,524 @ 515.00p
16:35 3,826 @ 515.00p
16:35 2,637 @ 515.00p

PHNX Key Personnel

Chair Nicholas Lyons
CEO Andrew Briggs

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