Sabre Insurance Group (LON:SBRE) Receives “Outperform” Rating from Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Sabre Insurance Group (LON:SBRE) 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.

Sabre Insurance Group Trading Up 0.6 %

Shares of SBRE opened at GBX 159.80 ($2.06) on Thursday. The stock has a fifty day moving average price of GBX 157.26 and a two-hundred day moving average price of GBX 160.76. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.21 and a current ratio of 0.53. Sabre Insurance Group has a 52-week low of GBX 138 ($1.78) and a 52-week high of GBX 183.60 ($2.36). The company has a market cap of £396.96 million, a price-to-earnings ratio of 2,276.43, a PEG ratio of 4.08 and a beta of 0.24.

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.