Sabre Insurance Group’s (SBRE) Outperform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Sabre Insurance Group (LON:SBRE) in a research note published on Thursday, MarketBeat.com reports. They currently have a GBX 220 ($2.83) price target on the stock.

Separately, Berenberg Bank boosted their price target on shares of Sabre Insurance Group from GBX 211 ($2.71) to GBX 216 ($2.78) and gave the stock a buy rating in a research note on Thursday, May 23rd.

Sabre Insurance Group Stock Performance

LON SBRE opened at GBX 158.20 ($2.03) on Thursday. Sabre Insurance Group has a 52-week low of GBX 138 ($1.78) and a 52-week high of GBX 183.60 ($2.36). The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.21 and a current ratio of 0.53. The company has a market capitalization of £392.98 million, a P/E ratio of 2,260.00, a P/E/G ratio of 4.08 and a beta of 0.24. The company has a fifty day moving average of GBX 156.99 and a 200-day moving average of GBX 160.75.

Sabre Insurance Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Thursday, August 22nd will be paid a dividend of GBX 1.70 ($0.02) per share. This represents a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, August 22nd. Sabre Insurance Group’s dividend payout ratio (DPR) is 7,142.86%.

Insider Activity

In related news, insider Bryan Joseph purchased 15,209 shares of Sabre Insurance Group stock in a transaction that occurred on Monday, June 10th. The shares were bought at an average price of GBX 164 ($2.11) per share, for a total transaction of £24,942.76 ($32,084.85). In other Sabre Insurance Group news, insider Adam Richard Westwood sold 28,087 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of GBX 167 ($2.15), for a total value of £46,905.29 ($60,336.11). Also, insider Bryan Joseph acquired 15,209 shares of the business’s stock in a transaction on Monday, June 10th. The stock was acquired at an average price of GBX 164 ($2.11) per share, for a total transaction of £24,942.76 ($32,084.85). Over the last ninety days, insiders bought 15,474 shares of company stock valued at $2,534,288. Insiders own 8.27% of the company’s stock.

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.