Sabre Insurance Group (LON:SBRE) Sets New 1-Year Low - Here's What Happened

Sabre Insurance Group plc (LON:SBRE - Get Free Report)'s share price hit a new 52-week low on Monday . The stock traded as low as GBX 120 ($1.57) and last traded at GBX 121.60 ($1.59), with a volume of 3586386 shares. The stock had previously closed at GBX 127 ($1.66).

Analysts Set New Price Targets

Separately, Berenberg Bank decreased their price target on Sabre Insurance Group from GBX 213 ($2.79) to GBX 210 ($2.75) and set a "buy" rating on the stock in a report on Monday, March 10th.

Sabre Insurance Group Stock Performance

The firm has a market capitalization of £321.92 million, a PE ratio of 10.90, a price-to-earnings-growth ratio of 4.08 and a beta of 0.22. The business's fifty day simple moving average is GBX 127.75 and its 200-day simple moving average is GBX 133.23.

Sabre Insurance Group (LON:SBRE - Get Free Report) last announced its quarterly earnings results on Tuesday, March 18th. The company reported GBX 14.48 ($0.19) earnings per share (EPS) for the quarter. Sabre Insurance Group had a net margin of 12.82% and a return on equity of 12.19%. Sell-side analysts expect that Sabre Insurance Group plc will post 19.083558 earnings per share for the current fiscal year.

Sabre Insurance Group Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, June 4th. Investors of record on Thursday, April 17th will be given a GBX 11.30 ($0.15) dividend. This is an increase from Sabre Insurance Group's previous dividend of $1.70. This represents a dividend yield of 8.59%. The ex-dividend date of this dividend is Thursday, April 17th. Sabre Insurance Group's payout ratio is currently 50.62%.

Insider Buying and Selling at Sabre Insurance Group

In other Sabre Insurance Group news, insider Ian Chapple bought 15,611 shares of the firm's stock in a transaction dated Wednesday, March 26th. The shares were purchased at an average cost of GBX 127 ($1.66) per share, for a total transaction of £19,825.97 ($25,950.22). Also, insider Adam Richard Westwood purchased 7,959 shares of the stock in a transaction that occurred on Thursday, April 10th. The stock was acquired at an average cost of GBX 125 ($1.64) per share, with a total value of £9,948.75 ($13,021.92). Insiders bought 27,375 shares of company stock worth $3,475,927 in the last quarter. 8.43% of the stock is owned by corporate insiders.

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.