Sabre Insurance Group (LON:SBRE) Stock Price Down 10.3% - What's Next?

Sabre Insurance Group plc (LON:SBRE - Get Free Report) shares dropped 10.3% during trading on Thursday . The company traded as low as GBX 125.40 ($1.67) and last traded at GBX 127.95 ($1.70). Approximately 2,813,267 shares traded hands during trading, an increase of 291% from the average daily volume of 719,945 shares. The stock had previously closed at GBX 142.60 ($1.90).

Analyst Ratings Changes

Separately, Berenberg Bank cut their price target on Sabre Insurance Group from GBX 213 ($2.83) to GBX 210 ($2.79) and set a "buy" rating on the stock in a research note on Monday, March 10th.

Sabre Insurance Group Stock Performance

The business's 50-day moving average is GBX 127.88 and its two-hundred day moving average is GBX 132.79. The firm has a market capitalization of £316.43 million, a price-to-earnings ratio of 10.72, a P/E/G ratio of 4.08 and a beta of 0.22.

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

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 paid a GBX 11.30 ($0.15) dividend. This represents a yield of 8.59%. This is a boost from Sabre Insurance Group's previous dividend of $1.70. The ex-dividend date of this dividend is Thursday, April 17th. Sabre Insurance Group's payout ratio is presently 50.62%.

Insider Activity

In other news, insider Ian Chapple bought 15,611 shares of the stock in a transaction on Wednesday, March 26th. The stock was purchased at an average price of GBX 127 ($1.69) per share, for a total transaction of £19,825.97 ($26,360.82). Also, insider Geoffrey Richard Carter purchased 3,805 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was purchased at an average price of GBX 131 ($1.74) per share, for a total transaction of £4,984.55 ($6,627.51). Insiders have acquired 27,375 shares of company stock worth $3,475,927 in the last 90 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.