Insider Buying: Sabre Insurance Group PLC (LON:SBRE) Insider Acquires £150.50 in Stock
Sabre Insurance Group PLC (LON:SBRE) insider Anneka Kingan bought 50 shares of the stock in a transaction dated Friday, January 10th. The shares were bought at an average cost of GBX 301 ($3.96) per share, with a total value of £150.50 ($197.97).
Shares of SBRE traded up GBX 2.50 ($0.03) during trading hours on Monday, reaching GBX 299.50 ($3.94). 48,054 shares of the company traded hands, compared to its average volume of 249,083. The firm has a market cap of $748.75 million and a price-to-earnings ratio of 15.52. Sabre Insurance Group PLC has a 12-month low of GBX 252 ($3.31) and a 12-month high of GBX 340 ($4.47). The company has a current ratio of 1.25, a quick ratio of 1.03 and a debt-to-equity ratio of 0.12. The stock’s fifty day moving average price is GBX 303.68 and its 200 day moving average price is GBX 286.57.
A number of brokerages have recently issued reports on SBRE. Peel Hunt reissued a “buy” rating and set a GBX 300 ($3.95) target price on shares of Sabre Insurance Group in a research note on Thursday, October 10th. Barclays boosted their target price on shares of Sabre Insurance Group from GBX 277 ($3.64) to GBX 278 ($3.66) and gave the company an “equal weight” rating in a research note on Wednesday, December 4th. Finally, Peel Hunt reissued an “add” rating on shares of Sabre Insurance Group in a research note on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 295.60 ($3.89).
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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