Sabre Insurance Group (LON:SBRE) Trading Up 0.4% - Here's Why

Sabre Insurance Group plc (LON:SBRE - Get Free Report)'s stock price rose 0.4% on Wednesday . The stock traded as high as GBX 148 ($2.02) and last traded at GBX 147.20 ($2.01). Approximately 735,145 shares traded hands during trading, an increase of 14% from the average daily volume of 644,864 shares. The stock had previously closed at GBX 146.60 ($2.00).

Analyst Ratings Changes

Separately, Berenberg Bank lowered their price objective on Sabre Insurance Group from GBX 213 ($2.91) to GBX 210 ($2.87) and set a "buy" rating on the stock in a research report on Monday, March 10th.

Sabre Insurance Group Price Performance

The firm has a market cap of £366.76 million, a P/E ratio of 12.42, a PEG ratio of 4.08 and a beta of 0.22. The stock's 50 day moving average is GBX 135.29 and its two-hundred day moving average is GBX 132.60.

Insider Buying and Selling at Sabre Insurance Group

In related news, insider Adam Richard Westwood bought 7,959 shares of the business's stock in a transaction that occurred on Thursday, April 10th. The stock was acquired at an average price of GBX 125 ($1.71) per share, for a total transaction of £9,948.75 ($13,585.62). In the last 90 days, insiders purchased 8,254 shares of company stock valued at $1,034,992. Corporate insiders own 8.43% 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.