Sabre Insurance Group plc (LON:SBRE) Raises Dividend to GBX 11.30 Per Share

Sabre Insurance Group plc (LON:SBREGet Free Report) declared a dividend on Tuesday, March 18th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 17th will be paid a dividend of GBX 11.30 ($0.15) per share on Wednesday, June 4th. This represents a yield of 8.59%. The ex-dividend date of this dividend is Thursday, April 17th. This is a 564.7% increase from Sabre Insurance Group’s previous dividend of $1.70. The official announcement can be accessed at this link.

Sabre Insurance Group Stock Up 5.6 %

LON:SBRE traded up GBX 7 ($0.09) during trading hours on Tuesday, hitting GBX 131 ($1.70). 6,345,353 shares of the stock traded hands, compared to its average volume of 547,376. Sabre Insurance Group has a 1 year low of GBX 123 ($1.60) and a 1 year high of GBX 183.60 ($2.38). The stock has a 50 day moving average price of GBX 130.93 and a 200 day moving average price of GBX 136.38. The company has a market cap of £326.40 million, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 4.08 and a beta of 0.22.

Sabre Insurance Group (LON:SBREGet Free Report) last announced its quarterly earnings results on Tuesday, March 18th. The company reported GBX 14.48 ($0.19) earnings per share for the quarter. Sabre Insurance Group had a net margin of 12.82% and a return on equity of 12.19%. Equities analysts forecast that Sabre Insurance Group will post 19.083558 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Berenberg Bank reduced their price target on shares of Sabre Insurance Group from GBX 213 ($2.77) to GBX 210 ($2.73) and set a “buy” rating on the stock in a research report on Monday, March 10th.

Get Our Latest Stock Analysis on Sabre Insurance Group

About Sabre Insurance Group

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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.

See Also

Dividend History for Sabre Insurance Group (LON:SBRE)

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