Sabre Insurance Group plc (LON:SBRE) Insider Geoffrey Richard Carter Buys 146 Shares

Sabre Insurance Group plc (LON:SBRE) insider Geoffrey Richard Carter bought 146 shares of the company’s stock in a transaction on Monday, June 9th. The shares were bought at an average price of GBX 137 ($1.85) per share, for a total transaction of £200.02 ($270.04).

Geoffrey Richard Carter also recently made the following trade(s):

• On Monday, May 12th, Geoffrey Richard Carter acquired 149 shares of Sabre Insurance Group stock. The stock was bought at an average cost of GBX 135 ($1.82) per share, for a total transaction of £201.15 ($271.57).
• On Thursday, March 20th, Geoffrey Richard Carter purchased 3,805 shares of Sabre Insurance Group stock. The shares were acquired at an average price of GBX 131 ($1.77) per share, with a total value of £4,984.55 ($6,729.51).

Sabre Insurance Group Stock Up 1.9%

Shares of SBRE traded up GBX 2.60 ($0.04) during midday trading on Wednesday, reaching GBX 138.80 ($1.87). 157,417 shares of the stock were exchanged, compared to its average volume of 675,059. The stock’s 50 day simple moving average is GBX 130.65 and its 200 day simple moving average is GBX 131.71. Sabre Insurance Group plc has a twelve month low of GBX 118.60 ($1.60) and a twelve month high of GBX 167 ($2.25). The company has a market cap of £345.83 million, a P/E ratio of 11.71, a PEG ratio of 4.08 and a beta of 0.22.

Sabre Insurance Group (LON:SBRE) last announced its earnings results on Tuesday, March 18th. The company reported GBX 14.48 ($0.20) 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%. As a group, analysts predict that Sabre Insurance Group plc will post 19.083558 earnings per share for the current year.

Sabre Insurance Group Increases Dividend

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

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their target price on Sabre Insurance Group from GBX 213 ($2.88) to GBX 210 ($2.84) and set a “buy” rating for the company in a research note on Monday, March 10th.

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.