Sabre Insurance Group (LON:SBRE) Shares Down 10.3% - Time to Sell?

Sabre Insurance Group plc (LON:SBRE - Get Free Report)'s stock price dropped 10.3% during trading on Thursday . The company traded as low as GBX 125.40 ($1.68) and last traded at GBX 127.95 ($1.71). Approximately 2,813,267 shares changed hands during mid-day trading, an increase of 291% from the average daily volume of 719,945 shares. The stock had previously closed at GBX 142.60 ($1.91).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank cut their price target on shares of Sabre Insurance Group from GBX 213 ($2.85) to GBX 210 ($2.81) and set a "buy" rating on the stock in a research report on Monday, March 10th.

Sabre Insurance Group Price Performance

The company's fifty day simple moving average is GBX 127.79 and its two-hundred day simple moving average is GBX 132.66. The stock has a market cap of £314.80 million, a price-to-earnings ratio of 10.66, a P/E/G ratio of 4.08 and a beta of 0.22.

Sabre Insurance Group (LON:SBRE - Get Free Report) last released its quarterly earnings data on Tuesday, March 18th. The company reported GBX 14.48 ($0.19) earnings per share for the quarter. Sabre Insurance Group had a net margin of 12.82% and a return on equity of 12.19%. On average, analysts forecast 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 issued a dividend of GBX 11.30 ($0.15) per share. This represents a dividend yield of 8.59%. This is a boost from Sabre Insurance Group's previous dividend of $1.70. The ex-dividend date is Thursday, April 17th. Sabre Insurance Group's dividend payout ratio is presently 50.62%.

Insider Buying and Selling at Sabre Insurance Group

In related news, insider Ian Chapple acquired 15,611 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The stock was bought at an average cost of GBX 127 ($1.70) per share, for a total transaction of £19,825.97 ($26,530.14). Also, insider Geoffrey Richard Carter acquired 3,805 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were purchased at an average price of GBX 131 ($1.75) per share, for a total transaction of £4,984.55 ($6,670.08). Insiders bought a total of 27,375 shares of company stock worth $3,475,927 in the last three months. 8.43% of the stock is currently owned by company insiders.

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.