S. Muoio buys $4.7 Million stake in The Phoenix Companies (PNX)

The Phoenix Companies (PNX) : S. Muoio scooped up 10,000 additional shares in The Phoenix Companies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 126,361 shares of The Phoenix Companies which is valued at $4.7 Million.The Phoenix Companies makes up approximately 3.22% of S. Muoio’s portfolio.

Other Hedge Funds, Including , Geode Capital Management boosted its stake in PNX in the latest quarter, The investment management firm added 1,996 additional shares and now holds a total of 30,159 shares of The Phoenix Companies which is valued at $1.1 Million.Lsv Asset Management reduced its stake in PNX by selling 4,900 shares or 34.96% in the most recent quarter. The Hedge Fund company now holds 9,116 shares of PNX which is valued at $336,472.Blackrock Fund Advisors reduced its stake in PNX by selling 1,066 shares or 7.42% in the most recent quarter. The Hedge Fund company now holds 13,310 shares of PNX which is valued at $491,272. Bruderman Asset Management added PNX to its portfolio by purchasing 5 company shares during the most recent quarter which is valued at $185.

The Phoenix Companies closed down -0.14 points or -0.38% at $36.83 with 12,646 shares getting traded on Wednesday. Post opening the session at $36.95, the shares hit an intraday low of $36.83 and an intraday high of $37.01 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

The Phoenix Companies Inc. is a holding company. The Company’s operating subsidiaries provide life insurance and annuity products through independent agents and financial advisors. The Company operates in two segments: Life and Annuity and Saybrus. The Life and Annuity segment includes individual life insurance and annuity products including its closed block. Under life insurance the Company offers Whole Life Universal Life Indexed Universal Life Variable Universal Life and Term. Annuity products include fixed indexed annuities fixed annuities single premium immediate annuities and variable annuities. The Saybrus segment provides life insurance and other consulting services to financial advisors in partner companies as well as support for sales of Phoenix’s product line through independent distribution organizations. Its principal insurance company subsidiaries are Phoenix Life Insurance Company (Phoenix Life) and PHL Variable Insurance Company (PHL Variable).

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