Sabre Insurance Group (SBRE) Cut to Hold at Numis Securities

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Numis Securities downgraded shares of Sabre Insurance Group (LON:SBRE) to a hold rating in a research report released on Thursday morning, ThisIsMoney.Co.Uk reports.

Other analysts have also recently issued reports about the company. Peel Hunt reaffirmed a buy rating on shares of Sabre Insurance Group in a research report on Wednesday, April 3rd. Berenberg Bank cut their price objective on Sabre Insurance Group from GBX 302 ($3.95) to GBX 300 ($3.92) and set a buy rating on the stock in a research report on Friday, March 29th. Barclays lifted their price objective on Sabre Insurance Group from GBX 295 ($3.85) to GBX 296 ($3.87) and gave the company an equal weight rating in a research report on Friday, March 29th. Finally, Canaccord Genuity reaffirmed a hold rating and set a GBX 310 ($4.05) price objective on shares of Sabre Insurance Group in a research report on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of GBX 305.20 ($3.99).

Sabre Insurance Group stock opened at GBX 274 ($3.58) on Thursday. The company has a market cap of $685.00 million and a price-to-earnings ratio of 13.84. Sabre Insurance Group has a fifty-two week low of GBX 235 ($3.07) and a fifty-two week high of GBX 301 ($3.93).

The business also recently declared a dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, April 25th will be given a GBX 12.80 ($0.17) dividend. This is a boost from Sabre Insurance Group’s previous dividend of $7.20. This represents a dividend yield of 4.48%. The ex-dividend date of this dividend is Thursday, April 25th. Sabre Insurance Group’s payout ratio is currently 0.71%.

In related news, insider Catherine Elizabeth Barton purchased 7,198 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were purchased at an average cost of GBX 276 ($3.61) per share, with a total value of £19,866.48 ($25,959.07). Also, insider Adam Richard Westwood sold 190,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of GBX 288 ($3.76), for a total value of £547,200 ($715,013.72).

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. The company offers its products through a network of insurance brokers, as well as through its own direct brands, including the Go Girl, Insure 2 Drive, and Drive Smart.

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Analyst Recommendations for Sabre Insurance Group (LON:SBRE)

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