Sabre Insurance Group plc (LON:SBRE) Raises Dividend to GBX 8.10 Per Share

Sabre Insurance Group plc (LON:SBRE) announced a dividend on Tuesday, March 19th, Upcoming.Co.Uk reports. Investors of record on Thursday, April 25th will be paid a dividend of GBX 8.10 ($0.10) per share on Wednesday, June 5th. This represents a dividend yield of 5.09%. The ex-dividend date of this dividend is Thursday, April 25th. This is an increase from Sabre Insurance Group’s previous dividend of $0.90. The official announcement can be viewed at this link.

Sabre Insurance Group Stock Performance

Shares of LON:SBRE opened at GBX 172 ($2.12) on Tuesday. The company has a market cap of £427.27 million, a P/E ratio of 2,494.29, a PEG ratio of 4.08 and a beta of 0.19. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.21 and a current ratio of 0.53. Sabre Insurance Group has a one year low of GBX 117.20 ($1.45) and a one year high of GBX 183.60 ($2.27). The business’s 50-day simple moving average is GBX 166.34 and its 200 day simple moving average is GBX 155.70.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Berenberg Bank raised their price objective on Sabre Insurance Group from GBX 170 ($2.10) to GBX 200 ($2.47) and gave the company a “buy” rating in a research note on Monday, February 19th. Royal Bank of Canada raised their price objective on Sabre Insurance Group from GBX 200 ($2.47) to GBX 220 ($2.72) and gave the company an “outperform” rating in a research note on Wednesday, March 20th.

Insider Buying and Selling at Sabre Insurance Group

In other news, insider Bryan Joseph bought 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was bought at an average price of GBX 178 ($2.20) per share, for a total transaction of £5,340 ($6,595.85). In other news, insider Adam Richard Westwood sold 24,008 shares of Sabre Insurance Group stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of GBX 178 ($2.20), for a total value of £42,734.24 ($52,784.39). Also, insider Bryan Joseph bought 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was purchased at an average price of GBX 178 ($2.20) per share, with a total value of £5,340 ($6,595.85). Insiders acquired a total of 3,182 shares of company stock worth $563,966 in the last 90 days. 8.26% of the stock is owned by corporate insiders.

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.