Sabre Insurance Group (LON:SBRE - Get Free Report) issued 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 Price Performance
Shares of Sabre Insurance Group stock traded down GBX 5.20 ($0.07) during trading hours on Friday, hitting GBX 125.20 ($1.62). The company's stock had a trading volume of 993,879 shares, compared to its average volume of 520,373. The company has a market capitalization of £311.95 million, a PE ratio of 10.56, a price-to-earnings-growth ratio of 4.08 and a beta of 0.22. The stock has a 50 day moving average of GBX 130.07 and a 200 day moving average of GBX 135.53. Sabre Insurance Group has a 12 month low of GBX 123 ($1.59) and a 12 month high of GBX 182.60 ($2.36).
Sabre Insurance Group Increases Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Thursday, April 17th will be issued a dividend of GBX 11.30 ($0.15) per share. The ex-dividend date of this dividend is Thursday, April 17th. This is a positive change from Sabre Insurance Group's previous dividend of $1.70. This represents a yield of 8.59%. Sabre Insurance Group's payout ratio is currently 50.62%.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank dropped their target price on shares of Sabre Insurance Group from GBX 213 ($2.75) to GBX 210 ($2.71) and set a "buy" rating for the company in a research report on Monday, March 10th.
Read Our Latest Analysis on SBRE
Insider Activity
In other news, insider Geoffrey Richard Carter acquired 3,805 shares of Sabre Insurance Group stock in a transaction dated Thursday, March 20th. The stock was bought at an average cost of GBX 131 ($1.69) per share, with a total value of £4,984.55 ($6,435.83). 8.43% of the stock is currently owned by company insiders.
About Sabre Insurance Group
(
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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.
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