Shares of Sabre Insurance Group plc (LON:SBRE - Get Free Report) shot up 9.8% during trading on Friday . The stock traded as high as GBX 142.98 ($1.92) and last traded at GBX 142.98 ($1.92). 1,299,857 shares were traded during mid-day trading, an increase of 84% from the average session volume of 706,044 shares. The stock had previously closed at GBX 130.20 ($1.75).
Analysts Set New Price Targets
Separately, Berenberg Bank cut their price objective on Sabre Insurance Group from GBX 213 ($2.87) to GBX 210 ($2.83) and set a "buy" rating on the stock in a research report on Monday, March 10th.
View Our Latest Report on SBRE
Sabre Insurance Group Stock Up 9.8%
The business's fifty day moving average price is GBX 130.12 and its 200 day moving average price is GBX 131.59. The firm has a market capitalization of £356.25 million, a PE ratio of 12.06, a PEG ratio of 4.08 and a beta of 0.22.
Sabre Insurance Group (LON:SBRE - Get Free Report) last posted its quarterly earnings results on Tuesday, March 18th. The company reported GBX 14.48 ($0.19) 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 anticipate that Sabre Insurance Group plc will post 19.083558 earnings per share for the current year.
Sabre Insurance Group Increases Dividend
The company also recently declared a dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Thursday, April 17th will be paid a dividend of GBX 11.30 ($0.15) per share. This represents a dividend yield of 8.59%. The ex-dividend date of this dividend is Thursday, April 17th. This is an increase from Sabre Insurance Group's previous dividend of $1.70. Sabre Insurance Group's payout ratio is 50.62%.
Insider Buying and Selling at Sabre Insurance Group
In other Sabre Insurance Group news, insider Geoffrey Richard Carter purchased 3,805 shares of the stock in a transaction on Thursday, March 20th. The stock was bought at an average price of GBX 131 ($1.76) per share, for a total transaction of £4,984.55 ($6,708.68). Also, insider Adam Richard Westwood sold 33,591 shares of the company's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of GBX 123 ($1.66), for a total transaction of £41,316.93 ($55,608.25). Insiders have acquired 27,524 shares of company stock valued at $3,496,042 over the last quarter. Corporate insiders own 8.43% of the company's stock.
About Sabre Insurance Group
(
Get Free Report)
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.
Further Reading
Before you consider Sabre Insurance Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sabre Insurance Group wasn't on the list.
While Sabre Insurance Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
