Sabre Insurance Group (LON:SBRE) Hits New 1-Year High Following Analyst Upgrade

Sabre Insurance Group plc (LON:SBRE)’s share price hit a new 52-week high on Thursday after Berenberg Bank raised their price target on the stock from GBX 185 to GBX 195. Berenberg Bank currently has a buy rating on the stock. Sabre Insurance Group traded as high as GBX 169 and last traded at GBX 164, with a volume of 4428842 shares traded. The stock had previously closed at GBX 155.

Insider Buying and Selling

In related news, insider Adam Richard Westwood sold 72,426 shares of the stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of GBX 160, for a total value of £115,881.60. Also, insider Geoffrey Richard Carter sold 30,621 shares of the stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of GBX 160, for a total transaction of £48,993.60. In the last ninety days, insiders have bought 364 shares of company stock valued at $54,924 and have sold 251,193 shares valued at $40,190,880. Corporate insiders own 1.35% of the company’s stock.

Sabre Insurance Group Stock Performance

The firm has a market cap of £400.66 million, a P/E ratio of 10.75, a P/E/G ratio of 4.08 and a beta of 0.07. The company’s 50 day moving average is GBX 155.50 and its 200 day moving average is GBX 138.89.

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

Sabre Insurance Group Company Profile

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.