Sabre Insurance Group (LON:SBRE) Sets New 52-Week Low – Here’s Why

Sabre Insurance Group plc (LON:SBRE) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 120 ($1.53) and last traded at GBX 121.60 ($1.55), with a volume of 3586386 shares traded. The stock had previously closed at GBX 127 ($1.62).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reduced their price target on shares of Sabre Insurance Group from GBX 213 ($2.72) to GBX 210 ($2.68) and set a “buy” rating for the company in a research report on Monday, March 10th.

Sabre Insurance Group Stock Performance

The company has a market cap of £299.99 million, a price-to-earnings ratio of 10.16, a price-to-earnings-growth ratio of 4.08 and a beta of 0.22. The stock’s fifty day moving average is GBX 127.96 and its two-hundred day moving average is GBX 133.31.

Sabre Insurance Group (LON:SBRE) last issued its quarterly earnings data on Tuesday, March 18th. The company reported GBX 14.48 ($0.19) EPS for the quarter. Sabre Insurance Group had a return on equity of 12.19% and a net margin of 12.82%. On average, equities research analysts expect that Sabre Insurance Group plc will post 19.083558 EPS for the current year.

Sabre Insurance Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Thursday, April 17th will be paid a dividend of GBX 11.30 ($0.14) 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 yield of 8.59%. Sabre Insurance Group’s dividend payout ratio (DPR) is 50.62%.

Insider Transactions at Sabre Insurance Group

In other news, insider Adam Richard Westwood sold 33,591 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of GBX 123 ($1.57), for a total value of £41,316.93 ($52,794.44). Also, insider Geoffrey Richard Carter purchased 3,805 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were acquired at an average cost of GBX 131 ($1.67) per share, with a total value of £4,984.55 ($6,369.22). Insiders bought a total of 19,528 shares of company stock worth $2,495,948 in the last quarter. 8.43% of the stock is currently owned by corporate insiders.

About Sabre Insurance Group

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.