Phoenix Group Holdings traded at 731.50 this Wednesday March 4th, increasing 18.50 or 2.59 percent since the previous trading session. Looking back, over the last four weeks, Phoenix Holdings gained 2.66 percent. Over the last 12 months, its price rose by 40.27 percent. Looking ahead, we forecast Phoenix Group Holdings to be priced at 716.80 by the end of this quarter and at 674.44 in one year, according to Trading Economics global macro models projections and analysts expectations.
Phoenix Group Holdings plc is a United Kingdom-based company that specializes in the acquisition and management of closed life insurance and pension funds. The Company operates through three business segments: UK Heritage, UK Open and Europe. The UK Heritage segment provides a range of life and pensions products. Assets under administration in its open business are held in three product lines: Workplace, Retail pensions and Wrap. It also includes capital-light products. UK Open business relates to its pension and long-term savings products sold under the Standard Life brand. The European segment distributes unit linked life assurance products which have no material guarantees. Its SunLife brand provides customers with a range of specialist products, including life cover, equity release and funeral plans. Its subsidiaries include Phoenix Life Limited, Phoenix Life Assurance Limited, ReAssure Group plc and Abbey Life Assurance Company Limited.