Insider Buying: Sabre Insurance Group plc (LON:SBRE) Insider Purchases 96 Shares of Stock

Sabre Insurance Group plc (LON:SBRE) insider Geoffrey Richard Carter acquired 96 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was bought at an average price of GBX 156 ($1.99) per share, for a total transaction of £149.76 ($191.22).

Geoffrey Richard Carter also recently made the following trade(s):

• On Wednesday, July 10th, Geoffrey Richard Carter acquired 134 shares of Sabre Insurance Group stock. The shares were purchased at an average cost of GBX 150 ($1.92) per share, with a total value of £201 ($256.64).

Sabre Insurance Group Stock Performance

Shares of Sabre Insurance Group stock traded up GBX 5 ($0.06) during trading on Tuesday, hitting GBX 164 ($2.09). 315,144 shares of the stock were exchanged, compared to its average volume of 419,105. The company has a current ratio of 0.52, a quick ratio of 0.21 and a debt-to-equity ratio of 0.03. Sabre Insurance Group plc has a 1-year low of GBX 138 ($1.76) and a 1-year high of GBX 183.60 ($2.34). The company has a fifty day moving average price of GBX 155.10 and a 200-day moving average price of GBX 160.74. The stock has a market capitalization of £407.39 million, a price-to-earnings ratio of 1,325.00, a price-to-earnings-growth ratio of 4.08 and a beta of 0.24.

Sabre Insurance Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Thursday, August 22nd will be paid a GBX 1.70 ($0.02) dividend. This represents a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, August 22nd. Sabre Insurance Group’s payout ratio is 5,000.00%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SBRE shares. Royal Bank of Canada restated an “outperform” rating and issued a GBX 220 ($2.81) price objective on shares of Sabre Insurance Group in a research note on Thursday, August 1st. Berenberg Bank upped their target price on shares of Sabre Insurance Group from GBX 211 ($2.69) to GBX 216 ($2.76) and gave the company a “buy” rating in a research report on Thursday, May 23rd.

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.