Sabre Insurance Group (LON:SBRE) Shares Up 0.5% - Still a Buy?

Sabre Insurance Group plc (LON:SBRE - Get Free Report) traded up 0.5% during mid-day trading on Thursday . The stock traded as high as GBX 135 ($1.78) and last traded at GBX 133.60 ($1.76). 1,880,067 shares were traded during trading, an increase of 163% from the average session volume of 713,645 shares. The stock had previously closed at GBX 133 ($1.75).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reduced their price target on shares of Sabre Insurance Group from GBX 213 ($2.81) to GBX 210 ($2.77) and set a "buy" rating for the company in a research report on Monday, March 10th.

Sabre Insurance Group Price Performance

The firm's fifty day moving average is GBX 127.82 and its 200 day moving average is GBX 131.55. The firm has a market capitalization of £334.37 million, a price-to-earnings ratio of 11.32, 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) EPS for the quarter. Sabre Insurance Group had a net margin of 12.82% and a return on equity of 12.19%. Equities research analysts forecast that Sabre Insurance Group plc will post 19.083558 EPS for the current fiscal year.

Sabre Insurance Group Increases Dividend

The firm 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 is a positive change from Sabre Insurance Group's previous dividend of $1.70. The ex-dividend date of this dividend is Thursday, April 17th. This represents a dividend yield of 8.59%. Sabre Insurance Group's dividend payout ratio is 50.62%.

Insider Activity at Sabre Insurance Group

In other news, insider Geoffrey Richard Carter bought 3,805 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were acquired at an average cost of GBX 131 ($1.73) per share, for a total transaction of £4,984.55 ($6,567.26). Also, insider Adam Richard Westwood sold 33,591 shares of Sabre Insurance Group stock in a transaction on Monday, April 7th. The stock was sold at an average price of GBX 123 ($1.62), for a total transaction of £41,316.93 ($54,436.01). In the last 90 days, insiders acquired 27,375 shares of company stock valued at $3,475,927. Insiders own 8.43% of the company's stock.

About Sabre Insurance Group

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.