Sabre Insurance Group (LON:SBRE) Announces Quarterly Earnings Results

Sabre Insurance Group (LON:SBRE) issued its earnings results on Tuesday. The company reported GBX 14.48 ($0.19) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Sabre Insurance Group had a net margin of 12.82% and a return on equity of 12.19%.

Sabre Insurance Group Price Performance

Sabre Insurance Group stock opened at GBX 131.60 ($1.71) on Wednesday. The stock has a market cap of £327.89 million, a P/E ratio of 11.10, a P/E/G ratio of 4.08 and a beta of 0.22. Sabre Insurance Group has a twelve month low of GBX 123 ($1.60) and a twelve month high of GBX 183.60 ($2.39). The company’s 50-day moving average price is GBX 130.44 and its two-hundred day moving average price is GBX 136.01.

Sabre Insurance Group Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Thursday, April 17th will be issued a GBX 11.30 ($0.15) dividend. This is a boost from Sabre Insurance Group’s previous dividend of $1.70. This represents a yield of 8.59%. The ex-dividend date is Thursday, April 17th. Sabre Insurance Group’s dividend payout ratio is currently 50.62%.

Analyst Ratings Changes

Separately, Berenberg Bank cut their target price on shares of Sabre Insurance Group from GBX 213 ($2.77) to GBX 210 ($2.73) 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.