Sabre Insurance Group (LON:SBRE) Shares Up 3.3% – Time to Buy?

Shares of Sabre Insurance Group plc (LON:SBRE) were up 3.3% on Thursday . The stock traded as high as GBX 165.40 and last traded at GBX 165. Approximately 2,715,623 shares were traded during mid-day trading, an increase of 96% from the average daily volume of 1,388,705 shares. The stock had previously closed at GBX 159.80.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SBRE shares. Berenberg Bank increased their price objective on Sabre Insurance Group from GBX 185 to GBX 195 and gave the company a “buy” rating in a report on Thursday, May 21st. Jefferies Financial Group reissued a “hold” rating and issued a GBX 152 price objective on shares of Sabre Insurance Group in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 169.25.

Sabre Insurance Group Stock Up 3.3%

The company has a fifty day moving average of GBX 155.78 and a two-hundred day moving average of GBX 142.08. The stock has a market capitalization of £403.11 million, a price-to-earnings ratio of 10.81, a P/E/G ratio of 4.08 and a beta of 0.07.

Sabre Insurance Group (LON:SBRE) last issued its quarterly earnings results on Tuesday, March 10th. The company reported GBX 15.37 earnings per share for the quarter. Sabre Insurance Group had a return on equity of 11.29% and a net margin of 17.48%. Equities analysts anticipate that Sabre Insurance Group plc will post 19.083558 earnings per share for the current fiscal year.

Insider Buying and Selling at Sabre Insurance Group

In related news, insider Adam Richard Westwood sold 72,426 shares of the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of GBX 160, for a total transaction of £115,881.60. Also, insider Geoffrey Richard Carter sold 30,621 shares of the stock in a transaction on Monday, April 13th. The stock was sold at an average price of GBX 160, for a total value of £48,993.60. Over the last ninety days, insiders have sold 251,193 shares of company stock valued at $40,190,880. Corporate insiders own 1.47% of the company’s stock.

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.