Insider Buying: Sabre Insurance Group plc (LON:SBRE) Insider Acquires 99 Shares of Stock

Key Points

• Insider Geoffrey Richard Carter acquired 99 shares of Sabre Insurance Group on August 11th at an average price of GBX 151 ($2.03) per share.
• Sabre Insurance Group's shares experienced a minor decline of 0.3%, with a current trading value of GBX 150 ($2.01).
• Analysts from Royal Bank Of Canada and Berenberg Bank have recently upgraded their price objectives for the company's stock, now set at GBX 170 ($2.28) and GBX 200 ($2.69), respectively.

Sabre Insurance Group plc (LON:SBRE - Get Free Report) insider Geoffrey Richard Carter acquired 99 shares of the company's stock in a transaction dated Monday, August 11th. The shares were purchased at an average price of GBX 151 ($2.04) per share, for a total transaction of £149.49 ($202.26).

Geoffrey Richard Carter also recently made the following trade(s):

• On Thursday, July 10th, Geoffrey Richard Carter acquired 101 shares of Sabre Insurance Group stock. The shares were purchased at an average price of GBX 149 ($2.02) per share, for a total transaction of £150.49 ($203.61).
• On Monday, June 9th, Geoffrey Richard Carter acquired 146 shares of Sabre Insurance Group stock. The shares were purchased at an average price of GBX 137 ($1.85) per share, for a total transaction of £200.02 ($270.63).

Sabre Insurance Group Stock Performance

Shares of SBRE traded up GBX 1.20 ($0.02) during midday trading on Thursday, hitting GBX 151 ($2.04). 707,974 shares of the stock traded hands, compared to its average volume of 607,258. The firm has a market capitalization of £376.23 million, a PE ratio of 12.74, a price-to-earnings-growth ratio of 4.08 and a beta of 0.22. The business's 50 day moving average price is GBX 146.62 and its two-hundred day moving average price is GBX 135.51. Sabre Insurance Group plc has a 1-year low of GBX 118.60 ($1.60) and a 1-year high of GBX 167 ($2.26).

Sabre Insurance Group (LON:SBRE - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported GBX 7.64 ($0.10) earnings per share for the quarter. Sabre Insurance Group had a net margin of 12.82% and a return on equity of 12.19%. As a group, equities research analysts forecast that Sabre Insurance Group plc will post 19.083558 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SBRE. Royal Bank Of Canada lifted their price target on shares of Sabre Insurance Group from GBX 160 ($2.16) to GBX 170 ($2.30) and gave the stock an "outperform" rating in a research note on Friday, August 1st. Berenberg Bank restated a "buy" rating and issued a GBX 200 ($2.71) price target on shares of Sabre Insurance Group in a research note on Thursday, July 31st.

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.