Phoenix investor sells more than 1.59 million shares

By Lisa Kerner

Charlotte, N.C., Dec. 19 - Phoenix Cos., Inc. investors led by Third Point LLC sold 1,597,800 shares of the company's stock between Oct. 31 and Dec. 17.

The shares were sold at prices from $1.98 to $6.47 each, according to a schedule 13D/A filing with the Securities and Exchange Commission.

Third Point and its affiliates beneficially own 7,044,000 shares, or 6.2%, of the Hartford, Conn., insurance company.

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