Sabre Insurance Group (LON:SBRE) Shares Down 6.7% – Should You Sell?
by Amy Steele · The Cerbat GemShares of Sabre Insurance Group plc (LON:SBRE – Get Free Report) fell 6.7% during trading on Thursday . The company traded as low as GBX 149.47 and last traded at GBX 152.20. 857,231 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 1,290,483 shares. The stock had previously closed at GBX 163.20.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank restated a “buy” rating and set a GBX 185 price objective on shares of Sabre Insurance Group in a research report on Tuesday, March 10th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Sabre Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 156.25.
View Our Latest Stock Report on Sabre Insurance Group
Sabre Insurance Group Stock Down 6.7%
The company has a market capitalization of £371.84 million, a price-to-earnings ratio of 9.97, a P/E/G ratio of 4.08 and a beta of 0.07. The business has a fifty day simple moving average of GBX 149.50 and a two-hundred day simple moving average of GBX 136.70.
Sabre Insurance Group (LON:SBRE – Get Free Report) last issued its earnings results on Tuesday, March 10th. The company reported GBX 15.37 earnings per share (EPS) for the quarter. Sabre Insurance Group had a return on equity of 11.29% and a net margin of 17.48%. As a group, equities analysts predict that Sabre Insurance Group plc will post 19.083558 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Sabre Insurance Group news, insider Geoffrey Richard Carter sold 30,621 shares of the stock in a transaction on Monday, April 13th. The stock was sold at an average price of GBX 160, for a total transaction of £48,993.60. Also, insider Adam Richard Westwood sold 72,426 shares of the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of GBX 160, for a total value of £115,881.60. Over the last quarter, insiders acquired 348 shares of company stock worth $50,072 and sold 251,193 shares worth $40,190,880. Corporate insiders own 1.35% 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.