Sabre Insurance Group plc (LON:SBRE) shares dropped 0.2% during trading on Tuesday . The company traded as low as GBX 258.50 ($3.38) and last traded at GBX 260 ($3.40). Approximately 407,275 shares were traded during trading, a decline of 18% from the average daily volume of 498,879 shares. The stock had previously closed at GBX 260.50 ($3.40).
Separately, Berenberg Bank reiterated a “hold” rating and set a GBX 264 ($3.45) target price on shares of Sabre Insurance Group in a research report on Friday, March 26th.
The company has a market capitalization of £650 million and a P/E ratio of 16.46. The business has a 50 day moving average price of GBX 254.45 and a 200 day moving average price of GBX 257.15. The company has a current ratio of 1.28, a quick ratio of 0.97 and a debt-to-equity ratio of 0.07.
The company also recently disclosed a dividend, which will be paid on Thursday, May 20th. Investors of record on Thursday, April 22nd will be issued a dividend of GBX 11.70 ($0.15) per share. The ex-dividend date of this dividend is Thursday, April 22nd. This represents a yield of 4.68%. This is a boost from Sabre Insurance Group’s previous dividend of $9.50. Sabre Insurance Group’s payout ratio is currently 0.78%.
In other Sabre Insurance Group news, insider Rebecca Ann Shelley bought 7,727 shares of the firm’s stock in a transaction on Wednesday, April 7th. The stock was purchased at an average cost of GBX 257 ($3.36) per share, with a total value of £19,858.39 ($25,945.11). Also, insider Geoffrey Richard Carter purchased 20,583 shares of the stock in a transaction on Thursday, March 25th. The stock was acquired at an average price of GBX 240 ($3.14) per share, with a total value of £49,399.20 ($64,540.37). Over the last quarter, insiders acquired 28,482 shares of company stock worth $6,970,748.
Sabre Insurance Group Company Profile (LON:SBRE)
Sabre Insurance Group plc, through its subsidiaries, writes general insurance for motor vehicles in the United Kingdom. It offers its products through a network of insurance brokers, as well as through its own direct brands, including Go Girl and Insure 2 Drive. The company was founded in 1982 and is based in Dorking, the United Kingdom.
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