|Bid||738.60 x 0|
|Ask||738.80 x 0|
|Day's Range||730.20 - 742.40|
|52 Week Range||439.60 - 824.40|
|Beta (5Y Monthly)||0.85|
|PE Ratio (TTM)||10.07|
|Earnings Date||Aug 06, 2020|
|Forward Dividend & Yield||0.47 (6.31%)|
|Ex-Dividend Date||Aug 13, 2020|
|1y Target Est||750.80|
(Bloomberg) -- Phoenix Group Holdings Plc, Europe’s biggest life-insurance consolidator, said it’s weighing options for its international operations in a potential deal that would focus the company more on the U.K.“In light of recent expressions of interest from third parties for the European business, Phoenix confirms that it is assessing a range of strategic options to maximize value for shareholders,” the company said in a Tuesday statement, confirming an earlier Bloomberg News report.Phoenix is working with Fenchurch Advisory Partners LLP to gauge interest in its business in markets including Ireland and Germany, people familiar with the matter said. The potential sale could fetch as much as 650 million euros ($774 million), the people said, asking not to be identified because the information is private.London-based Phoenix said in its statement that there’s no certainty of a deal. A representative for Fenchurch declined to comment.Shares of Phoenix rose as much as 1.1% in London trading Tuesday, extending the previous day’s gains and giving the company a market value of about 7.9 billion pounds ($10.5 billion).Phoenix, which buys portfolios of old policies from legacy insurers, managed about 324 billion pounds of assets at the end of June, according to its website. Last year, it acquired Swiss Re AG’s ReAssure Group Plc unit for 3.25 billion pounds, one of the year’s largest insurance deals globally.In Europe, Phoenix competes with other consolidators including Germany’s Frankfurter Leben Holding GmbH, Cinven-owned Viridium Group GmbH and Apollo Global Management Inc.’s Athora Holding Ltd. For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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