Sabre Insurance Group plc (LON:SBRE) Insider Geoffrey Richard Carter Purchases 8,774 Shares

Sabre Insurance Group plc (LON:SBRE – Get Rating) insider Geoffrey Richard Carter acquired 8,774 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The stock was bought at an average price of GBX 113 ($1.38) per share, with a total value of £9,914.62 ($12,148.78).

Sabre Insurance Group Stock Performance

LON SBRE opened at GBX 110.80 ($1.36) on Tuesday. The company has a quick ratio of 0.21, a current ratio of 0.49 and a debt-to-equity ratio of 0.03. The company has a 50-day simple moving average of GBX 181.96 and a two-hundred day simple moving average of GBX 203. The firm has a market cap of £277.00 million and a price-to-earnings ratio of 1,846.67. Sabre Insurance Group plc has a 12-month low of GBX 100 ($1.23) and a 12-month high of GBX 242.50 ($2.97).

Sabre Insurance Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, September 22nd. Investors of record on Thursday, August 18th will be issued a GBX 2.80 ($0.03) dividend. This represents a yield of 2.73%. The ex-dividend date is Thursday, August 18th. Sabre Insurance Group’s dividend payout ratio is currently 175.00%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Berenberg Bank reaffirmed a “hold” rating and set a GBX 123 ($1.51) price objective on shares of Sabre Insurance Group in a research report on Monday. Jefferies Financial Group lowered their price objective on Sabre Insurance Group from GBX 230 ($2.82) to GBX 120 ($1.47) and set a “hold” rating on the stock in a research note on Monday, July 18th. Barclays reduced their target price on Sabre Insurance Group from GBX 232 ($2.84) to GBX 222 ($2.72) and set an “overweight” rating on the stock in a report on Wednesday, July 27th. Finally, Shore Capital reissued a “buy” rating on shares of Sabre Insurance Group in a report on Friday, July 15th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sabre Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 195 ($2.39).

Sabre Insurance Group Company Profile

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Sabre Insurance Group plc, through its subsidiaries, engages in the writing of general insurance for motor vehicles and motorcycles in the United Kingdom. It offers its products through a network of insurance brokers, as well as through its own direct brands, including Go Girl, Insure 2 Drive, and Drive Smart.

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