Insider Buying: Sabre Insurance Group (LON:SBRE) Insider Buys 11,625 Shares of Stock

Key Points

• Insider David Neave of Sabre Insurance Group purchased 11,625 shares at an average price of GBX 131, totaling £15,228.75.
• Current market capital for Sabre Insurance Group stands at £326.39 million, with a price-to-earnings ratio of 8.40.
• Analysts have provided a consensus rating of "Buy" with a target price averaging GBX 166.25, indicating positive expectations for the stock's performance.

Sabre Insurance Group plc (LON:SBRE - Get Free Report) insider David Neave purchased 11,625 shares of Sabre Insurance Group stock in a transaction dated Wednesday, October 22nd. The stock was bought at an average cost of GBX 131 per share, with a total value of £15,228.75.

Sabre Insurance Group Price Performance

LON SBRE opened at GBX 133.40 on Thursday. The company has a 50 day simple moving average of GBX 139.76 and a 200-day simple moving average of GBX 139.07. The firm has a market capitalization of £326.39 million, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 4.08 and a beta of 0.22. Sabre Insurance Group plc has a 52-week low of GBX 118.60 and a 52-week high of GBX 160.20.

Sabre Insurance Group (LON:SBRE - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported GBX 7.64 earnings per share (EPS) for the quarter. Sabre Insurance Group had a net margin of 12.82% and a return on equity of 12.19%. On average, analysts predict that Sabre Insurance Group plc will post 19.083558 EPS for the current year.

Analysts Set New Price Targets

SBRE has been the topic of several analyst reports. Peel Hunt reiterated a "buy" rating and set a GBX 195 price target on shares of Sabre Insurance Group in a report on Thursday, October 16th. Berenberg Bank reduced their target price on shares of Sabre Insurance Group from GBX 200 to GBX 190 and set a "buy" rating for the company in a research note on Thursday, October 16th. Royal Bank Of Canada increased their price target on shares of Sabre Insurance Group from GBX 160 to GBX 170 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Finally, Jefferies Financial Group dropped their price objective on shares of Sabre Insurance Group from GBX 116 to GBX 110 and set a "buy" rating for the company in a report on Friday, October 17th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of GBX 166.25.

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.

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