Sabre Insurance Group (LON:SBRE) Issues Quarterly Earnings Results

Sabre Insurance Group (LON:SBRE) released its quarterly earnings results on Tuesday. The company reported GBX 14.48 ($0.19) earnings per share for the quarter, Digital Look Earnings reports. Sabre Insurance Group had a net margin of 12.82% and a return on equity of 12.19%.

Sabre Insurance Group Stock Performance

Shares of SBRE stock opened at GBX 131.20 ($1.71) on Thursday. The firm has a market cap of £326.90 million, a price-to-earnings ratio of 11.07, a P/E/G ratio of 4.08 and a beta of 0.22. Sabre Insurance Group has a 52 week low of GBX 123 ($1.60) and a 52 week high of GBX 183.60 ($2.39). The firm’s 50-day simple moving average is GBX 130.44 and its two-hundred day simple moving average is GBX 136.01.

Sabre Insurance Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Thursday, April 17th will be given a GBX 11.30 ($0.15) dividend. 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 yield of 8.59%. Sabre Insurance Group’s payout ratio is currently 50.62%.

Analyst Ratings Changes

Separately, Berenberg Bank cut their price target on shares of Sabre Insurance Group from GBX 213 ($2.77) to GBX 210 ($2.73) and set a “buy” rating on the stock in a report on Monday, March 10th.

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.