Sabre Insurance Group (LON:SBRE) Releases Earnings Results

Sabre Insurance Group (LON:SBRE) issued its quarterly earnings data on Tuesday. The company reported GBX 14.48 ($0.19) earnings per share for the quarter, Digital Look Earnings reports. Sabre Insurance Group had a net margin of 12.82% and a return on equity of 12.19%.

Sabre Insurance Group Trading Up 0.2 %

LON:SBRE traded up GBX 0.20 ($0.00) during trading hours on Thursday, hitting GBX 131 ($1.70). 830,217 shares of the company traded hands, compared to its average volume of 511,994. The stock has a market capitalization of £326.40 million, a price-to-earnings ratio of 11.05, a P/E/G ratio of 4.08 and a beta of 0.22. Sabre Insurance Group has a twelve month low of GBX 123 ($1.60) and a twelve month high of GBX 183.60 ($2.39). The firm has a 50-day moving average of GBX 130.44 and a 200 day moving average of GBX 136.01.

Sabre Insurance Group Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, June 4th. Investors of record on Thursday, April 17th will be paid a dividend of GBX 11.30 ($0.15) per share. This is a boost from Sabre Insurance Group’s previous dividend of $1.70. This represents a yield of 8.59%. The ex-dividend date is Thursday, April 17th. Sabre Insurance Group’s dividend payout ratio is presently 50.62%.

Analysts Set New Price Targets

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

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.