Royal Bank of Canada reiterated their outperform rating on shares of Sabre Insurance Group (LON:SBRE – Free Report) in a report released on Thursday morning, Marketbeat Ratings reports. They currently have a GBX 220 ($2.83) target price on the stock.
Separately, Berenberg Bank lifted their price objective on Sabre Insurance Group from GBX 211 ($2.71) to GBX 216 ($2.78) and gave the company a buy rating in a research report on Thursday, May 23rd.
View Our Latest Report on SBRE
Sabre Insurance Group Trading Up 0.6 %
Sabre Insurance Group Cuts Dividend
The company also recently announced a dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Thursday, August 22nd will be given a dividend of GBX 1.70 ($0.02) per share. The ex-dividend date is Thursday, August 22nd. This represents a dividend yield of 1.06%. Sabre Insurance Group’s payout ratio is currently 7,142.86%.
Insider Transactions at Sabre Insurance Group
In other news, insider Bryan Joseph bought 15,209 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was bought at an average price of GBX 164 ($2.11) per share, for a total transaction of £24,942.76 ($32,084.85). In related news, insider Bryan Joseph acquired 15,209 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was acquired at an average price of GBX 164 ($2.11) per share, for a total transaction of £24,942.76 ($32,084.85). Also, insider Adam Richard Westwood sold 28,087 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of GBX 167 ($2.15), for a total value of £46,905.29 ($60,336.11). Insiders bought a total of 15,474 shares of company stock worth $2,534,288 over the last 90 days. 8.27% of the stock is owned by 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.
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