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

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

Analyst Upgrades and Downgrades

Separately, Berenberg Bank dropped their price target 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's fifty day moving average price is GBX 136.07 and its 200-day moving average price is GBX 132.72. The company has a market cap of £358.79 million, a price-to-earnings ratio of 12.15, a P/E/G ratio of 4.08 and a beta of 0.22.

Insiders Place Their Bets

In other news, insider Adam Richard Westwood bought 7,959 shares of the firm's stock in a transaction on Thursday, April 10th. The stock was purchased 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 have bought 8,254 shares of company stock valued at $1,034,992. Company 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.