Sabre Insurance Group (LON:SBRE) Hits New 52-Week Low – Here’s What Happened

Sabre Insurance Group plc (LON:SBRE)’s share price hit a new 52-week low on Monday . The company traded as low as GBX 120 ($1.53) and last traded at GBX 121.60 ($1.55), with a volume of 3586386 shares. The stock had previously closed at GBX 127 ($1.62).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered their price target on Sabre Insurance Group from GBX 213 ($2.71) to GBX 210 ($2.67) and set a “buy” rating for the company in a report on Monday, March 10th.

Sabre Insurance Group Trading Down 4.3 %

The stock has a market capitalization of £302.98 million, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 4.08 and a beta of 0.22. The firm has a 50-day moving average of GBX 128.84 and a 200 day moving average of GBX 134.02.

Sabre Insurance Group (LON:SBRE) last posted its earnings results on Tuesday, March 18th. The company reported GBX 14.48 ($0.18) EPS for the quarter. Sabre Insurance Group had a net margin of 12.82% and a return on equity of 12.19%. As a group, research analysts forecast that Sabre Insurance Group plc will post 19.083558 EPS for the current year.

Sabre Insurance Group Increases Dividend

The company 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 ($0.14) dividend. This is a boost from Sabre Insurance Group’s previous dividend of $1.70. This represents a yield of 8.59%. The ex-dividend date is Thursday, April 17th. Sabre Insurance Group’s dividend payout ratio is presently 50.62%.

Insider Activity

In related news, insider Geoffrey Richard Carter purchased 3,805 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The shares were purchased at an average cost of GBX 131 ($1.67) per share, with a total value of £4,984.55 ($6,344.90). Also, insider Ian Chapple acquired 15,611 shares of Sabre Insurance Group stock in a transaction on Wednesday, March 26th. The shares were bought at an average price of GBX 127 ($1.62) per share, for a total transaction of £19,825.97 ($25,236.72). Insiders acquired 19,528 shares of company stock worth $2,495,948 over the last ninety days. Corporate 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.