Sabre Insurance Group - SBRE Share Forecast, Price & News

Sabre Insurance Group plc, through its subsidiaries, engages in the writing of general insurance for motor vehicles and motorcycles in the United Kingdom. It offers its products through a network of insurance brokers, as well as through its own direct brands, including Go Girl, Insure 2 Drive, and Drive Smart. The company was founded in 1982 and is based in Dorking, the United Kingdom.

Sabre Insurance Group Price Performance

Sabre Insurance Group stock traded down GBX 1.40 ($0.02) during midday trading on Friday, reaching GBX 122.40 ($1.48). 247,259 shares of the company were exchanged, compared to its average volume of 543,628. The company has a market capitalization of £306 million and a price-to-earnings ratio of 2,040.00. The firm's 50-day simple moving average is GBX 165.64 and its 200-day simple moving average is GBX 197.74. Sabre Insurance Group has a 1 year low of GBX 100 ($1.21) and a 1 year high of GBX 242.50 ($2.93). The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.21 and a current ratio of 0.49.

Sabre Insurance Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, September 22nd. Investors of record on Thursday, August 18th will be given a dividend of GBX 2.80 ($0.03) per share. This represents a yield of 2.73%. The ex-dividend date is Thursday, August 18th. Sabre Insurance Group's dividend payout ratio is presently 140.00%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SBRE shares. Jefferies Financial Group cut their price target on Sabre Insurance Group from GBX 230 ($2.78) to GBX 120 ($1.45) and set a "hold" rating for the company in a research note on Monday, July 18th. Berenberg Bank reaffirmed a "hold" rating and set a GBX 123 ($1.49) price target on shares of Sabre Insurance Group in a research note on Monday, August 1st. Barclays cut their price target on Sabre Insurance Group from GBX 232 ($2.80) to GBX 222 ($2.68) and set an "overweight" rating for the company in a research note on Wednesday, July 27th. Finally, Shore Capital reaffirmed a "buy" rating on shares of Sabre Insurance Group in a research note on Friday, July 15th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 195 ($2.36).

Insider Buying and Selling

In related news, insider Andrew D. Pomfret acquired 93,000 shares of the company's stock in a transaction that occurred on Tuesday, July 26th. The stock was purchased at an average price of GBX 105 ($1.27) per share, for a total transaction of £97,650 ($117,991.78). In other Sabre Insurance Group news, insider Alison Morris purchased 9,282 shares of the stock in a transaction on Wednesday, June 1st. The stock was bought at an average price of GBX 209 ($2.53) per share, for a total transaction of £19,399.38 ($23,440.53). Also, insider Andrew D. Pomfret purchased 93,000 shares of the stock in a transaction on Tuesday, July 26th. The stock was acquired at an average price of GBX 105 ($1.27) per share, with a total value of £97,650 ($117,991.78). In the last quarter, insiders purchased 111,056 shares of company stock worth $12,696,400.