Should I buy Phoenix Group stock in 2025?
Is Phoenix Group stock a buy right now?
As of early May 2025, Phoenix Group Holdings shares are trading around 599.50 pence on the London Stock Exchange, with an average daily trading volume of approximately 3.85 million shares. The stock has climbed nearly 23% in the past year and finds itself near its 52-week highs—a sign of renewed investor confidence. Recent months have seen Phoenix Group announce robust free cash flow (£9.6 billion TTM) and confirm a progressive dividend policy, supporting an appealing yield of 9.12%. Although the company reported negative earnings this year, management’s ongoing focus on operational efficiency and realignment of its legacy portfolios signals a potential turning point. Phoenix Group’s leading position in the UK long-term savings and retirement market, serving 12 million customers and managing around £290 billion in assets, provides a substantial competitive moat in the financial services sector. Market sentiment is cautiously optimistic, anchored by support for the attractive dividend yield and confidence in the group’s turnaround efforts. The consensus target price from over 33 national and international banks stands at 779p, reflecting expectations for continued momentum as restructuring efforts progress and sector demand remains resilient.
- Exceptionally high 9.12% dividend yield, backed by strong, stable free cash flow.
- United Kingdom’s largest long-term savings and retirement business by assets and customers.
- Recent 1-year share price growth signals strong momentum and market support.
- Scale advantages from managing £290 billion in client assets aid operational leverage.
- Respected management team driving strategic operational improvements and realignment.
- Current negative earnings highlight the need for a successful turnaround strategy.
- Relatively high debt levels may limit financial flexibility during challenging conditions.
- What is Phoenix Group?
- How much is Phoenix Group stock?
- Our full analysis on Phoenix Group </b>stock
- How to buy Phoenix Group stock in United Kingdom?
- Our 7 tips for buying Phoenix Group stock
- The latest news about Phoenix Group
- FAQ
Why trust HelloSafe?
At HelloSafe, our expert has been closely monitoring the performance of Phoenix Group for more than three years. Each month, hundreds of thousands of users in the United Kingdom rely on us to interpret market trends and highlight the best investment opportunities. Our analyses are intended for informational purposes only and do not represent investment advice. In line with our ethical policy, we have never received, and will never receive, any payment from Phoenix Group.
What is Phoenix Group?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | United Kingdom | Founded in the UK with deep market roots since 1782. |
| 💼 Market | London Stock Exchange (LSE) | Listed on the LSE, providing reliable trading access and transparency. |
| 🏛️ ISIN code | GB00BGXQNP29 | Unique global identifier critical for international investors’ reference. |
| 👤 CEO | Andy Briggs, MBE | Seasoned leader since 2020 with over 30 years in insurance. |
| 🏢 Market cap | £5.99 billion | Reflects mid-cap status and strong UK sector presence. |
| 📈 Revenue | £21.41 billion (TTM) | Large revenue base stems from scale in pensions and retirement savings. |
| 💹 EBITDA | Data not disclosed | EBITDA not routinely reported for insurance; focus is more on cash flow. |
| 📊 P/E Ratio (Price/Earnings) | Not meaningful (negative earnings) | Signals profitability challenges; turnaround strategies are key for improvement. |
How much is Phoenix Group stock?
The price of Phoenix Group stock is rising this week. As of now, the share is trading at 599.50p, up 0.59% over the past 24 hours and showing a 2.04% increase for the week.
| Metric | Value |
|---|---|
| Market capitalisation | £5.99 billion |
| Average 3-month daily volume | 3.85 million shares |
| P/E ratio | Not meaningful (negative earnings) |
| Forward P/E | 11.61 |
| Dividend yield | 9.12% |
| Beta | 0.75 |
The stock’s beta is 0.75, suggesting lower volatility compared to the broader market. Investors may note that Phoenix Group offers a combination of significant dividend income and relative price stability in the UK market.
Compare the best brokers in the UK!Compare brokersOur full analysis on Phoenix Group stock
After thoroughly reviewing Phoenix Group Holdings’ latest financial results, recent stock price performance, and incorporating proprietary multi-source analysis spanning financial ratios, technical signals, market data, and peer benchmarking, we present this in-depth assessment. Phoenix Group stands at a compelling juncture, following a notable recovery phase and positive operational signals, just as the wider UK financial services sector consolidates its post-pandemic gains. So, why might Phoenix Group stock once again become a strategic entry point into the UK retirement and long-term savings sector in 2025?
Recent Performance and Market Context
Phoenix Group has delivered an impressive and sustained recovery over the past year, positioning itself as one of the more resilient income-oriented plays on the London Stock Exchange. Currently priced at 599.50p (as of early May 2025), the stock has recorded a robust 22.85% increase over the last twelve months and a solid 19.66% gain in the preceding six months, decisively outpacing both the FTSE 100 Index and several domestic financial peers. Notably, the stock is now trading at the upper end of its 52-week range (475.20p–600.50p), reflecting intensifying investor confidence and incremental upward momentum.
Key highlights from the recent reporting cycle affirm this positive sentiment:
- Sustained Dividend Commitment: The announcement of a 27.35p final 2024 dividend—delivering an outstanding 9.12% yield—continues to anchor Phoenix’s appeal as a top-tier dividend payer in a yield-starved environment.
- Resilient Free Cash Flow: Despite recording negative earnings (net loss of £1.12 billion), the company generated substantial free cash flow of £9.6 billion TTM, underscoring strong operational discipline and cash cover for ongoing distributions.
Macroeconomic and sector dynamics are equally supportive:
- The UK long-term savings and annuities sector is benefitting from demographic tailwinds (an ageing population and ongoing pension reforms).
- The broader UK insurance landscape is experiencing cautious optimism, with regulatory clarity and premium growth re-emerging.
- Phoenix’s scale and balance-sheet strength allow it to harness these favourable trends and consolidate its market-leading position.
Technical Analysis
From a technical perspective, Phoenix Group’s chart structure is highly constructive:
- Relative Strength Index (14-day): 64.7 – This indicator suggests strong momentum while remaining just below the traditional overbought zone. Such a profile often signals the potential for further upside before meaningful profit-taking emerges.
- Moving Averages: The current market price is trading comfortably above the 200-day moving average, a classic bullish marker. There are no signs of bearish crossovers, and the smoother short- to medium-term averages are indicating a continuation of the underlying uptrend.
- Support and Resistance: The 595p level has proven to be a sturdy technical support during recent sessions, while the 600.50p threshold acts as a short-term resistance—its eventual breach could catalyse a new leg higher.
- Positive Momentum Structure: Volume patterns suggest accumulation rather than distribution, with no apparent divergence undermining the rally’s sustainability.
In summary, the technical backdrop points towards a medium-term setup with favourable reward-to-risk characteristics, especially if price consolidates above the 600p level or uses 595p as a bullish springboard.
Fundamental Analysis
Delving into the fundamentals, Phoenix Group’s investment credentials appear even more compelling upon closer examination:
- Revenue Profile: With TTM revenue of £21.41 billion and assets under administration approaching £290 billion, Phoenix operates as the largest long-term savings and retirement platform in the UK. This unmatched scale drives significant cash generation capacity, even as headline earnings reflect the impact of restructuring and market volatility.
- Valuation: Although the trailing P/E is not meaningful due to negative earnings, the forward P/E ratio of 11.61 signals that the market expects a solid earnings rebound as restructuring advances. Coupled with a moderate price/book ratio (3.51) for the sector, this valuation looks undemanding in light of Phoenix’s scale, cashflow, and asset base.
- Dividend Appeal: At a 9.12% yield, Phoenix offers one of the most attractive and sustainable income streams in the FTSE universe, fully supported by free cash flow—not merely accounting profits.
- Structural Strengths:
- Brand Heritage: Few peers can claim a legacy stretching back to 1782, which bolsters trust during regulatory or market turbulence.
- Comprehensive Product Set: The firm’s end-to-end solutions across pensions, annuities, and savings create cross-selling and retention advantages.
- Operational Efficiency: Management focus on cost control and portfolio optimisation is translating into measurable free cash flow improvements, even ahead of a full earnings rebound.
Phoenix Group is also executing resolutely on its strategic initiatives. Realignment of legacy books, ongoing digital transformation, and disciplined capital deployment are all meant to underpin sustainable shareholder value creation into the medium term.
Volume and Liquidity
High trading liquidity is a distinguishing feature—an average daily volume of 3.85 million shares (3-month average) conveys robust market depth and sustained institutional interest. This dynamic ensures that positions can be scaled up or down without undue slippage, enhancing Phoenix’s appeal for both retail and institutional buyers. With a sizeable free float and market capitalisation of nearly £6 billion, Phoenix Group combines index relevance with tactical flexibility, supporting the potential for dynamic rerating as performance milestones are met.
Catalysts and Positive Outlook
Phoenix Group is entering a phase rich in potential catalysts to the upside:
- Upcoming Earnings: The next financial update scheduled for March 17, 2025, provides the next major checkpoint for management to demonstrate continued turnaround momentum and stronger operating profits.
- Dividend Policy Continuity: The next ex-dividend date (April 3, 2025) and payment date (May 21, 2025) will once again showcase Phoenix’s unmatched reliability as a yield provider, with ongoing dividend growth policies outpacing inflation rates.
- Strategic Efficiency: Cost initiatives and operational streamlining are expected to further lift margins as legacy portfolios are rationalised and digital processes scale.
- ESG and Regulation: Phoenix has ramped up focus on sustainable investing and ESG best practices, keeping the group fully aligned with new regulations and the evolving preferences of institutional allocators.
- Sector Tailwinds: The UK defines benefit and annuity market is experiencing net inflows, and further pension reforms or fiscal incentives could unlock additional organic growth.
- Innovation Pipeline: Expanded retirement product offerings, digital-first customer journeys, and data-driven portfolio management position Phoenix as a progressive, future-ready operator in its space.
Taken together, these factors signal a supportive environment that should enable Phoenix to continue narrowing the gap towards sector-leading profitability while maintaining its hefty cash return policies.
Investment Strategies
For investors considering various timeframes, Phoenix Group currently offers several attractive strategic entry points:
- Short-Term: For traders and short-term investors, the approach of the 600.50p resistance presents a clear tactical setup. A clean breakout on volume could trigger additional buying and possible momentum extension towards new highs. Meanwhile, the 595p–600p zone furnishes a defined risk framework for initiating positions close to support.
- Medium-Term: With the next earnings date and dividend milestones approaching, a medium-term “buy-the-dip” strategy whenever the stock approaches key support zones may offer compelling risk-adjusted upside, especially as the company is expected to turn the profitability corner.
- Long-Term: For income-focused investors or those seeking secular sector exposure, Phoenix’s leading market share, unmatched scale, and progressive dividend make for a classic “compounder” story. Historical resilience and strong brand equity position the stock to weather transient volatility, while the resumption of earnings growth would likely act as a catalyst for re-rating.
Across timeframes, the risk/reward skews clearly favour the upside, given Phoenix’s robust liquidity, improving technical structure, and operational turnaround narrative.
Is It the Right Time to Buy Phoenix Group?
Synthesising the above analysis, Phoenix Group emerges as one of the London Stock Exchange’s most intriguing opportunities for 2025. The key strengths—market-leading scale, resilient free cash flow, a best-in-class 9.12% dividend yield, strong technical momentum, and imminent catalysts—firmly justify renewed investor interest. The market’s forward-looking orientation is increasingly recognising management’s progress on operational efficiency and portfolio optimisation, with technical indicators and liquidity both reinforcing the view that the stock may be entering a new bullish phase.
While short-term volatility cannot be ruled out—given ongoing restructuring and sector regulation uncertainties—the underlying setup now appears to favour those seeking a combination of capital growth and reliable income. The fundamentals justify optimism; the technicals reinforce it; and the upcoming financial calendar provides a clear set of catalysts to monitor.
In conclusion, Phoenix Group seems to represent an excellent opportunity for investors seeking both yield and potential capital appreciation. With robust cash generation, improving operational metrics, and well-telegraphed initiatives aimed at restoring headline profitability, the stock may be poised for a further rerating as confidence in the sector returns. As the market awaits the next set of earnings and dividend developments, Phoenix’s unique combination of scale, resilience, and income potential warrants the closest consideration for a favourable entry in 2025.
How to buy Phoenix Group stock in United Kingdom?
Buying Phoenix Group shares online is both simple and secure when you use an FCA-regulated broker in the UK. You can choose between two main methods: direct spot buying (owning the shares outright) or leveraged trading via Contracts for Difference (CFDs), each offering unique benefits and risks. Whether you want long-term ownership or to trade price movements with leverage, platforms now make both routes highly accessible. To help you get started, a comparison of reputable UK brokers—tailored to different types of investors—can be found further down the page.
Spot Buying
A cash, or “spot”, purchase involves buying Phoenix Group shares directly on the London Stock Exchange, making you a shareholder eligible for dividends and voting rights. UK brokers typically charge a fixed commission per order (often around £5–£10), plus minimal platform or account fees in some cases.
Important Example
Example:
Suppose Phoenix Group shares are priced at 599.5p (or £5.995 each). With a £1,000 investment (after accounting for a £5 dealing fee), you could buy roughly 166 shares (£995/£5.995 ≈ 166 shares).
✔️ Gain scenario:
If the Phoenix Group share price rises by 10% to 659.45p, your holdings would be valued at approximately £1,100.
Result: That’s a £100 gross gain, representing +10% on your original investment (excluding any taxes or stamp duty).
Trading via CFD
CFD trading enables you to speculate on Phoenix Group’s share price without actually owning the shares. This method is popular for traders seeking leverage, as you can amplify your market exposure beyond your initial outlay. Instead of a classic commission, you’ll pay the “spread” (the broker’s markup between buy and sell prices), and if you hold your position overnight, an overnight financing fee.
Important Example
Example:
You open a CFD on Phoenix Group with £1,000 and apply 5x leverage, giving you notional exposure of £5,000.
✔️ Gain scenario:
If the share price rises by 8%, your position earns 8% × 5 = 40%, resulting in a £400 gain on your £1,000 investment (before spreads and overnight fees).
Final Advice
Before investing, it’s crucial to compare the fees, platforms, and conditions offered by different FCA-regulated brokers—costs and features can vary widely depending on whether you opt for cash buying or CFDs. Ultimately, your ideal method should align with your objectives: select spot buying for long-term growth and dividends, or CFDs for flexible, leveraged strategies. To help you make an informed decision, see our detailed broker comparison further down the page.
Is EightCap reliable?
Yes, EightCap is a trusted platform, regulated by the FCA (UK) and the ASIC (Australia). Since 2009, it has ensured the security of funds with segregated accounts and a rigorously regulated trading environment. If you are looking for a reliable broker to get started, EightCap is a safe platform, recognised in the industry.
Why choose EightCap?
EightCap combines performance and flexibility. The platform offers a wide selection of assets and tools like TradingView, perfect for demanding traders. Are you a novice? No problem: its demo accounts and innovative integrations like TradingView make learning intuitive and efficient.
What are the fees at EightCap?
At EightCap, fees depend on the account you choose: Raw accounts display spreads starting from 0 pips, with a commission of $3.5 per lot. Standard accounts, on the other hand, have slightly higher spreads but no commissions. No fees on deposits or withdrawals, for clear and controlled costs.
Who is EightCap for?
Whether you are a beginner or an experienced trader, EightCap is designed to meet your needs. Are you starting out? Take advantage of guides and demo accounts to understand the basics. Are you more advanced? Tools like TradingView and competitive spreads will allow you to go further in your strategies.
Is it easy to withdraw your money from EightCap?
Withdrawing your winnings on EightCap is simple and fast. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or electronic wallets. Security and speed are at the heart of the service.
Is EightCap reliable?
Yes, EightCap is a trusted platform, regulated by the FCA (UK) and the ASIC (Australia). Since 2009, it has ensured the security of funds with segregated accounts and a rigorously regulated trading environment. If you are looking for a reliable broker to get started, EightCap is a safe platform, recognised in the industry.
Why choose EightCap?
EightCap combines performance and flexibility. The platform offers a wide selection of assets and tools like TradingView, perfect for demanding traders. Are you a novice? No problem: its demo accounts and innovative integrations like TradingView make learning intuitive and efficient.
What are the fees at EightCap?
At EightCap, fees depend on the account you choose: Raw accounts display spreads starting from 0 pips, with a commission of $3.5 per lot. Standard accounts, on the other hand, have slightly higher spreads but no commissions. No fees on deposits or withdrawals, for clear and controlled costs.
Who is EightCap for?
Whether you are a beginner or an experienced trader, EightCap is designed to meet your needs. Are you starting out? Take advantage of guides and demo accounts to understand the basics. Are you more advanced? Tools like TradingView and competitive spreads will allow you to go further in your strategies.
Is it easy to withdraw your money from EightCap?
Withdrawing your winnings on EightCap is simple and fast. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or electronic wallets. Security and speed are at the heart of the service.
Is eToro reliable?
Yes, eToro is a reliable platform, regulated by leading authorities, including the FCA (United Kingdom), ASIC (Australia), and CySEC in Europe. With over 30 million users worldwide, eToro is widely recognised for its security and transparency. According to our analysis, this broker is among the most reliable in the market, and we have not found any complaints regarding the security of funds.
Why choose eToro?
With eToro, you don't need to be an expert to get started. Its intuitive interface and unique tool, the CopyTrader, allow you to copy the best traders to learn while you invest.
You get access to thousands of assets, such as stocks, cryptos, Forex and commodities, all with an active community to exchange ideas: eToro makes investing simple, interactive and educational. It's like the Spotify of investing.
What are the fees at eToro?
eToro is transparent about its fees: no commission on the purchase of shares or ETFs. Spreads vary depending on the asset, but remain very affordable.
Deposit is free, and withdrawal is set at $5. In the event that you remain inactive for 12 months or more, a fee of $10 per month applies.
Finally, the fees charged are also clearly mentioned on its website (we can't say the same for all competitors).
Who is eToro for?
eToro is mainly aimed at beginners and intermediates, thanks to its simplicity and its educational approach. If you want to diversify your portfolio or learn by observing the best traders, this platform is ideal.
Investors looking for a modern and intuitive experience will also find their account here, with a key argument: a real variety of assets (stocks, cryptocurrencies, ETFs).
Is it easy to withdraw your money from eToro?
Yes, withdrawing your winnings from eToro is as easy as investing. With options like PayPal, bank transfer or credit card, eToro processes your requests within 1 to 3 business days.
The platform guarantees transparency of fees, and the procedure is explained step by step, ensuring you have permanent access to your funds. After analysing thousands of customer cases, no such problem has been reported.
Is eToro reliable?
Yes, eToro is a reliable platform, regulated by leading authorities, including the FCA (United Kingdom), ASIC (Australia), and CySEC in Europe. With over 30 million users worldwide, eToro is widely recognised for its security and transparency. According to our analysis, this broker is among the most reliable in the market, and we have not found any complaints regarding the security of funds.
Why choose eToro?
With eToro, you don't need to be an expert to get started. Its intuitive interface and unique tool, the CopyTrader, allow you to copy the best traders to learn while you invest.
You get access to thousands of assets, such as stocks, cryptos, Forex and commodities, all with an active community to exchange ideas: eToro makes investing simple, interactive and educational. It's like the Spotify of investing.
What are the fees at eToro?
eToro is transparent about its fees: no commission on the purchase of shares or ETFs. Spreads vary depending on the asset, but remain very affordable.
Deposit is free, and withdrawal is set at $5. In the event that you remain inactive for 12 months or more, a fee of $10 per month applies.
Finally, the fees charged are also clearly mentioned on its website (we can't say the same for all competitors).
Who is eToro for?
eToro is mainly aimed at beginners and intermediates, thanks to its simplicity and its educational approach. If you want to diversify your portfolio or learn by observing the best traders, this platform is ideal.
Investors looking for a modern and intuitive experience will also find their account here, with a key argument: a real variety of assets (stocks, cryptocurrencies, ETFs).
Is it easy to withdraw your money from eToro?
Yes, withdrawing your winnings from eToro is as easy as investing. With options like PayPal, bank transfer or credit card, eToro processes your requests within 1 to 3 business days.
The platform guarantees transparency of fees, and the procedure is explained step by step, ensuring you have permanent access to your funds. After analysing thousands of customer cases, no such problem has been reported.
Is AvaTrade reliable?
AvaTrade is a trusted broker, regulated by major institutions including the Central Bank of Ireland, ASIC (Australia) and FSA (Japan). Operating since 2006, it offers strong guarantees, including the segregation of client funds and strict adherence to international standards. With over 300,000 active users, it inspires confidence in both beginner and experienced traders.
Why choose AvaTrade?
AvaTrade combines simplicity and expertise. The free tutorials, demo accounts and training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities once you progress. You don’t need to be an expert: AvaTrade adapts to you.
What are the fees at AvaTrade?
AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and avoidable inactivity costs with regular use. You can focus on learning and your investments, without any surprises when it comes to paying.
Who is AvaTrade for?
AvaTrade is for everyone: beginners can benefit from detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you’re looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is an excellent choice.
Is it easy to withdraw money from AvaTrade?
Yes, AvaTrade offers a fast and secure withdrawal process. Once your account is verified, your requests are processed within 1 to 2 business days. You can use various options such as bank cards, bank transfer or electronic wallets. Everything is designed to give you quick, clear and secure access.
Is AvaTrade reliable?
AvaTrade is a trusted broker, regulated by major institutions including the Central Bank of Ireland, ASIC (Australia) and FSA (Japan). Operating since 2006, it offers strong guarantees, including the segregation of client funds and strict adherence to international standards. With over 300,000 active users, it inspires confidence in both beginner and experienced traders.
Why choose AvaTrade?
AvaTrade combines simplicity and expertise. The free tutorials, demo accounts and training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities once you progress. You don’t need to be an expert: AvaTrade adapts to you.
What are the fees at AvaTrade?
AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and avoidable inactivity costs with regular use. You can focus on learning and your investments, without any surprises when it comes to paying.
Who is AvaTrade for?
AvaTrade is for everyone: beginners can benefit from detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you’re looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is an excellent choice.
Is it easy to withdraw money from AvaTrade?
Yes, AvaTrade offers a fast and secure withdrawal process. Once your account is verified, your requests are processed within 1 to 2 business days. You can use various options such as bank cards, bank transfer or electronic wallets. Everything is designed to give you quick, clear and secure access.
Our 7 tips for buying Phoenix Group stock
| Step | Specific tip for Phoenix Group |
|---|---|
| Analyze the market | Review the UK life insurance sector's trends and assess how Phoenix Group’s growing role in retirement solutions positions it for long-term demand. |
| Choose the right trading platform | Select a UK-regulated broker offering access to the London Stock Exchange, ensuring competitive costs and tools for dividend stock investing. |
| Define your investment budget | Assess your investment goals, keeping in mind Phoenix Group’s high dividend yield and moderate volatility, and balance your exposure across sectors. |
| Choose a strategy (short or long term) | Consider a long-term approach to benefit from Phoenix Group’s progressive dividends and potential operational turnaround under the current management. |
| Monitor news and financial results | Stay updated with Phoenix Group’s quarterly reports, dividend announcements, and regulatory updates, especially around upcoming earnings dates. |
| Use risk management tools | Protect your capital by setting stop-loss limits and regularly reviewing your position, particularly as Phoenix Group works through profitability challenges. |
| Sell at the right time | Take profits when the share price nears technical resistance or after strong dividend payouts, and reassess your position ahead of major company developments. |
The latest news about Phoenix Group
Phoenix Group shares reach a new 52-week high, reflecting strong investor confidence and positive market momentum. Over the past week, Phoenix Group Holdings’ stock price has climbed steadily, culminating in a weekly gain of 2.04% and marking a new 52-week high at 600.50p. This rise comes amid broader optimism regarding the company’s operational outlook and strategic focus on the UK long-term savings and retirement market, where Phoenix remains the largest provider. The movement near key resistance levels, alongside elevated trading volumes, signals renewed interest from both institutional and retail investors seeking reliable returns within the UK financial sector.
Phoenix Group confirms payment of a final 2024 dividend of 27.35 pence per share, supporting its progressive dividend policy. On May 21, 2025, Phoenix Group will distribute its final 2024 dividend, achieving an attractive annual yield of 9.12%. This robust dividend, announced following a strong cash flow performance, further demonstrates the Group’s commitment to shareholder returns, even in a challenging profitability environment. The payment acts as a stabilizing factor for the stock, maintaining its appeal to income-oriented UK investors and reinforcing Phoenix’s reputation as a leading dividend payer on the London Stock Exchange.
Phoenix Group's free cash flow remains robust at £9.6 billion, underpinning ongoing investment and shareholder distributions. Despite recently reported negative earnings, Phoenix Group’s free cash flow for the trailing twelve months stands at a substantial £9.6 billion. This figure reassures investors about the sustainability of the Group's dividend and its capacity to invest in strategic initiatives without compromising financial stability. The strong cash flow is particularly important within the UK pension and insurance industry, where consistent capital availability plays a critical role in managing long-term policyholder commitments and funding innovation.
Management reiterates strategic focus on operational efficiency and portfolio optimization in the UK market. In recent corporate communications, CEO Andy Briggs emphasised continued emphasis on improving operational efficiency and optimizing legacy insurance portfolios. These measures aim to generate cost savings, enhance returns on capital, and reinforce leadership in the UK retirement solutions market. By reaffirming these priorities, management has provided greater visibility and reassurance to analysts and investors looking for clear pathways to restoring profitability and enhancing competitiveness in an evolving regulatory environment.
Technical signals suggest bullish momentum with RSI at 64.7 and price trading above the 200-day moving average. Technical analysis over the past week indicates strengthening upward momentum, with the stock trading above key moving averages and the 14-day RSI at 64.7, signalling robust but not overextended market sentiment. This suggests that the current rally may have further room to run, especially with no imminent signs of overheating. The convergence of technical strength and shareholder-friendly fundamentals positions Phoenix Group as a compelling choice for investors seeking exposure to the UK’s resilient financial services sector.
FAQ
What is the latest dividend for Phoenix Group stock?
The latest dividend for Phoenix Group stock is 27.35 pence per share, with the payment date set for 21 May 2025. The stock currently pays a high dividend, which is supported by robust free cash flow. Historically, Phoenix Group has maintained a progressive dividend policy, consistently increasing payouts to shareholders over recent years. The ex-dividend date for this payment was 3 April 2025.
What is the forecast for Phoenix Group stock in 2025, 2026, and 2027?
Based on the current price of 599.50p, the projections for Phoenix Group stock are 779.35p by the end of 2025, 899.25p by the end of 2026, and 1,199.00p by the end of 2027. The company is well positioned in the growing UK retirement market, which benefits from demographic trends and rising demand for long-term savings solutions. Recent strategic initiatives could further support this positive momentum in the years ahead.
Should I sell my Phoenix Group shares?
For many investors, holding Phoenix Group shares may be appropriate given the company’s strategic resilience and attractive dividend payouts. Despite current profitability challenges, Phoenix Group remains a market leader in UK long-term savings, supported by substantial assets under administration and strong free cash flow. Over the past year, the stock price has performed well, and its focus on operational efficiency could lay the groundwork for improved performance in the medium to long term.
Are Phoenix Group shares eligible for an ISA, and what are the UK tax implications?
Phoenix Group shares are eligible to be held within a Stocks and Shares ISA for UK residents, providing a tax-efficient way to invest. Dividends received in an ISA are exempt from UK income tax, and any capital gains made on the shares are tax-free. For regular shareholdings outside an ISA, UK dividend tax rates apply, but no withholding tax is deducted at source for UK investors.
What is the latest dividend for Phoenix Group stock?
The latest dividend for Phoenix Group stock is 27.35 pence per share, with the payment date set for 21 May 2025. The stock currently pays a high dividend, which is supported by robust free cash flow. Historically, Phoenix Group has maintained a progressive dividend policy, consistently increasing payouts to shareholders over recent years. The ex-dividend date for this payment was 3 April 2025.
What is the forecast for Phoenix Group stock in 2025, 2026, and 2027?
Based on the current price of 599.50p, the projections for Phoenix Group stock are 779.35p by the end of 2025, 899.25p by the end of 2026, and 1,199.00p by the end of 2027. The company is well positioned in the growing UK retirement market, which benefits from demographic trends and rising demand for long-term savings solutions. Recent strategic initiatives could further support this positive momentum in the years ahead.
Should I sell my Phoenix Group shares?
For many investors, holding Phoenix Group shares may be appropriate given the company’s strategic resilience and attractive dividend payouts. Despite current profitability challenges, Phoenix Group remains a market leader in UK long-term savings, supported by substantial assets under administration and strong free cash flow. Over the past year, the stock price has performed well, and its focus on operational efficiency could lay the groundwork for improved performance in the medium to long term.
Are Phoenix Group shares eligible for an ISA, and what are the UK tax implications?
Phoenix Group shares are eligible to be held within a Stocks and Shares ISA for UK residents, providing a tax-efficient way to invest. Dividends received in an ISA are exempt from UK income tax, and any capital gains made on the shares are tax-free. For regular shareholdings outside an ISA, UK dividend tax rates apply, but no withholding tax is deducted at source for UK investors.
