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Phoenix Group Holdings

 

Buy Phoenix Group Holdings shares

PHOENIX GROUP HOLDINGS (PHNX) Shares

ABOUT PHOENIX GROUP HOLDINGS

Phoenix Group Holdings is one of the largest specialist consolidators of heritage insurance services in the United Kingdom.

The company was founded in 1857 as The Pearl Loan Company. In 1914 it changed its name to The Pearl Assurance Company. In 1990, the company was purchased by the Australian insurance group, AMP, and in 2003, Pearl, NPI and London Life were demerged from AMP to become part of the Henderson Group.

Subsequently in 2005, the Pearl Group was bought from the Henderson Group by Sun Capital Partners and TDR Capital. It also acquired Resolution Life in 2008 and in 2009 the business was attained by the Liberty Acquisition Holdings Company.

The company changed its name to the Phoenix Group Holdings in 2010.

Today, the Phoenix Group’s head office is situated at Juxon House in London with about 2 034 employees. In total it has 10 million policyholders and £ 245 billion of assets under administration, and it operates in the United Kingdom, Ireland and Germany.

OVERVIEW OF PHOENIX GROUP HOLDINGS

  • Phoenix Group Holdings is a United Kingdom-based company that specializes in pension funds and the acquisition and management of closed life insurance and pension funds.

  • It has an Open business, which executes and underwrites products and policies for people saving in areas, such as personal pensions and workplace pensions. The company’s brand, SunLife, sells a range of financial products for the over 50 market.

  • It operates through three business divisions: UK Open, UK Heritage and Europe.

VISION & VALUES OF PHOENIX GROUP HOLDINGS

  • Phoenix Group Holdings mission is to improve outcomes for customers and deliver value for shareholders. Its vision is to be Europe’s leading life consolidator.
  • It continues to be a predominantly Heritage business but also has a substantial Open business element. The company’s primary focus is growth through closed-life consolidation, but its new business capabilities across its Heritage and Open business will dampen its run-off and extend the duration of its business.
  • Because of the size of the group it can maximize economies of scale and capital efficiencies through internal fund mergers and other operational improvements. The company finds innovative ways to improve the performance of funds by taking in consideration the views of its customers and by employing talented people with particular expertise.
  • Phoenix Group Holdings vision is to be Europe’s leading life consolidator in this bifurcating market which is estimated to have a market size of £ 580 billion across the UK, Germany and Ireland.

MARKET PERFORMANCE OF PHOENIX GROUP HOLDINGS

  • Phoenix Group Holding trades on the London Stock Exchange (LSE) and is a constituent of the FTSE 350 Index. The company is listed under the stock symbol “PHNX”.

  • During the second half of 2019 the Group’s predictable long-term cash generation of £ 287 million supports stable, sustainable dividends. It expects to be towards the upper end of its 2019 cash generation target and is on track to realize £1.2 billion. The interim dividend of 23.4p per share is a 3.5% increase on the 2018 interim dividends.

  • This strong performance gives shareholders who buy or sell company shares the confidence to do so in the expectation of solid dividends.

Buy PHOENIX GROUP HOLDINGS stocks / shares – A Step by Step Guide how to Buy / Purchase PHOENIX GROUP HOLDING Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy PHOENIX GROUP HOLDINGS Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN PHOENIX GROUP HOLDINGS STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE PHOENIX GROUP HOLDINGS STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of PHOENIX GROUP HOLDINGS stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy PHOENIX GROUP HOLDINGS stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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