Sabre Insurance Group (LON:SBRE) Stock Price Down 10.2% - Here's What Happened

Key Points

• Sabre Insurance Group shares fell 10.2% to GBX 166.47, with trading volume 170% above the daily average after reaching an intraday low of GBX 162.40.
• Analyst sentiment remains moderately positive, with a consensus rating of “Moderate Buy” and an average price target of GBX 184.25, compared with targets ranging from GBX 152 to GBX 205.
• The company reported quarterly EPS of GBX 7.33, a 16.49% net margin and 14.67% return on equity; meanwhile, two insiders sold shares totaling about £35,848 in September.

Sabre Insurance Group plc (LON:SBRE - Get Free Report)'s share price dropped 10.2% on Tuesday. The company traded as low as GBX 162.40 and last traded at GBX 166.47. 3,293,197 shares were traded during trading, an increase of 170% from the average daily volume of 1,221,536 shares. The stock had previously closed at GBX 185.40.

Analysts Set New Price Targets

SBRE has been the subject of several analyst reports. Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 152 price objective on shares of Sabre Insurance Group in a research note on Tuesday, August 4th. Royal Bank Of Canada reissued a "sector perform" rating and set a GBX 180 target price on shares of Sabre Insurance Group in a research report on Wednesday, August 5th. Peel Hunt restated an "add" rating and set a GBX 200 target price on shares of Sabre Insurance Group in a report on Tuesday, August 4th. Finally, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 205 price target on shares of Sabre Insurance Group in a research report on Tuesday. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Sabre Insurance Group has an average rating of "Moderate Buy" and a consensus target price of GBX 184.25.

Sabre Insurance Group Stock Down 10.2%

The stock's 50-day moving average price is GBX 173.12 and its 200 day moving average price is GBX 168.27. The company has a market cap of £401.92 million, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 4.08 and a beta of 0.07.

Sabre Insurance Group (LON:SBRE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported GBX 7.33 earnings per share (EPS) for the quarter. Sabre Insurance Group had a net margin of 16.49% and a return on equity of 14.67%. Analysts expect that Sabre Insurance Group plc will post 19.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Sabre Insurance Group

In other Sabre Insurance Group news, insider Geoffrey Richard Carter sold 9,330 shares of the company's stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of GBX 176, for a total transaction of £16,420.80. Also, insider Adam Richard Westwood sold 10,976 shares of the firm's stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of GBX 177, for a total value of £19,427.52. Insiders purchased a total of 345 shares of company stock worth $59,872 in the last quarter. Insiders own 1.49% of the company's stock.

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.

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