Sabre Insurance Group (LON:SBRE) Announces Quarterly Earnings Results

Sabre Insurance Group (LON:SBRE) released its quarterly earnings results on Tuesday. The company reported GBX 14.48 ($0.19) earnings per share for the quarter, Digital Look Earnings reports. Sabre Insurance Group had a net margin of 12.82% and a return on equity of 12.19%.

Sabre Insurance Group Stock Performance

Shares of SBRE opened at GBX 131.60 ($1.71) on Wednesday. Sabre Insurance Group has a 12 month low of GBX 123 ($1.60) and a 12 month high of GBX 183.60 ($2.39). The firm’s 50 day moving average is GBX 130.44 and its 200-day moving average is GBX 136.01. The stock has a market capitalization of £327.89 million, a PE ratio of 11.10, a P/E/G ratio of 4.08 and a beta of 0.22.

Sabre Insurance Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Thursday, April 17th will be issued a dividend of GBX 11.30 ($0.15) per share. The ex-dividend date of this dividend is Thursday, April 17th. This is a boost from Sabre Insurance Group’s previous dividend of $1.70. This represents a dividend yield of 8.59%. Sabre Insurance Group’s dividend payout ratio (DPR) is currently 50.62%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lowered their target price on shares of Sabre Insurance Group from GBX 213 ($2.77) to GBX 210 ($2.73) and set a “buy” rating on the stock in a report on Monday, March 10th.

Sabre Insurance Group Company Profile

Sabre Insurance Group plc, through its subsidiaries, engages in the writing of general insurance for motor vehicles in the United Kingdom. It offers taxi, private car, and motorcycle insurance through a network of insurance brokers, as well as through its Go Girl and Insure 2 Drive brands. The company was founded in 1982 and is based in Dorking, the United Kingdom.