Ian Chapple Buys 15,611 Shares of Sabre Insurance Group plc (LON:SBRE) Stock

Sabre Insurance Group plc (LON:SBRE) insider Ian Chapple acquired 15,611 shares of Sabre Insurance Group stock in a transaction dated Wednesday, March 26th. The stock was purchased at an average price of GBX 127 ($1.64) per share, with a total value of £19,825.97 ($25,661.36).

Sabre Insurance Group Stock Performance

LON:SBRE opened at GBX 125.98 ($1.63) on Friday. The firm’s fifty day moving average is GBX 129.54 and its two-hundred day moving average is GBX 134.67. The firm has a market cap of £313.89 million, a price-to-earnings ratio of 10.63, a PEG ratio of 4.08 and a beta of 0.22. Sabre Insurance Group plc has a one year low of GBX 123 ($1.59) and a one year high of GBX 180 ($2.33).

Sabre Insurance Group (LON:SBRE) 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 return on equity of 12.19% and a net margin of 12.82%. As a group, equities research analysts predict that Sabre Insurance Group plc will post 19.083558 earnings per share for the current fiscal year.

Sabre Insurance Group Increases Dividend

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

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut their price target on shares of Sabre Insurance Group from GBX 213 ($2.76) to GBX 210 ($2.72) and set a “buy” rating on the stock in a report 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.