Sabre Insurance Group (LON:SBRE) Hits New 1-Year High Following Analyst Upgrade

Shares of Sabre Insurance Group plc (LON:SBRE) hit a new 52-week high during mid-day trading on Thursday after Berenberg Bank raised their price target on the stock from GBX 185 to GBX 195. Berenberg Bank currently has a buy rating on the stock. Sabre Insurance Group traded as high as GBX 169 and last traded at GBX 164, with a volume of 4428842 shares trading hands. The stock had previously closed at GBX 155.

Insider Buying and Selling at Sabre Insurance Group

In other news, insider Adam Richard Westwood sold 72,426 shares of the stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of GBX 160, for a total transaction of £115,881.60. Also, insider Geoffrey Richard Carter sold 30,621 shares of the stock in a transaction dated Monday, April 13th. The stock was sold at an average price of GBX 160, for a total transaction of £48,993.60. Over the last ninety days, insiders purchased 364 shares of company stock worth $54,924 and sold 251,193 shares worth $40,190,880. Insiders own 1.35% of the company’s stock.

Sabre Insurance Group Trading Up 5.8%

The company has a market capitalization of £400.66 million, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of 4.08 and a beta of 0.07. The firm’s 50 day moving average price is GBX 155.50 and its two-hundred day moving average price is GBX 138.89.

Sabre Insurance Group (LON:SBRE) last announced its quarterly earnings results on Tuesday, March 10th. The company reported GBX 15.37 EPS for the quarter. Sabre Insurance Group had a net margin of 17.48% and a return on equity of 11.29%. As a group, equities research analysts predict that Sabre Insurance Group plc will post 19.083558 EPS for the current year.

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.