The Phoenix Companies Inc. (PNX) was a big mover last session, as the company saw its shares rise 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $53.13 to $57.20 since Oct 7.
The company has seen no estimate revision over the past 30 days and the Zacks Consensus Estimate has not been in a trend either. Friday’s jump is encouraging though, so make sure to keep a close watch on this firm in the near future.
The Phoenix Companies currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
However, better-ranked stocks in the life insurance industry include Fidelity & Guaranty Life Common (FGL), China Life Insurance Co. Ltd. (LFC) and Voya Financial, Inc. (VOYA). While Fidelity & Guaranty sports a Zacks Rank #1 (Strong Buy), China Life Insurance and Voya Financial have a Zacks Rank #2 (Buy).
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