Numis Securities lowered shares of Sabre Insurance Group (LON:SBRE) to a hold rating in a research report sent to investors on Thursday morning, ThisIsMoney.Co.Uk reports.
SBRE has been the subject of a number of other research reports. Canaccord Genuity lowered shares of Sabre Insurance Group to a hold rating and set a GBX 310 ($4.05) target price for the company. in a research note on Monday, April 1st. Barclays lowered shares of Sabre Insurance Group to an equal weight rating in a research report on Monday, January 21st. Peel Hunt restated a buy rating on shares of Sabre Insurance Group in a research report on Wednesday, March 20th. Finally, Berenberg Bank decreased their price target on shares of Sabre Insurance Group from GBX 302 ($3.95) to GBX 300 ($3.92) and set a buy rating on the stock in a research report on Friday, March 29th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold and an average target price of GBX 305.20 ($3.99).
Shares of LON:SBRE traded up GBX 1 ($0.01) during trading on Thursday, reaching GBX 274 ($3.58). 56,569 shares of the company traded hands, compared to its average volume of 249,083. The firm has a market capitalization of $682.50 million and a P/E ratio of 13.84. Sabre Insurance Group has a 1-year low of GBX 235 ($3.07) and a 1-year high of GBX 301 ($3.93).
The business also recently declared a dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, April 25th will be given a GBX 12.80 ($0.17) dividend. This represents a yield of 4.48%. This is a positive change from Sabre Insurance Group’s previous dividend of $7.20. The ex-dividend date of this dividend is Thursday, April 25th. Sabre Insurance Group’s dividend payout ratio (DPR) is currently 0.71%.
In other news, insider Adam Richard Westwood sold 190,000 shares of Sabre Insurance Group stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of GBX 288 ($3.76), for a total transaction of £547,200 ($715,013.72). Also, insider Catherine Elizabeth Barton bought 7,198 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were acquired at an average price of GBX 276 ($3.61) per share, for a total transaction of £19,866.48 ($25,959.07).
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. The company offers its products through a network of insurance brokers, as well as through its own direct brands, including the Go Girl, Insure 2 Drive, and Drive Smart.
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