Sabre Insurance Group (LON:SBRE) Shares Up 3.3% – What’s Next?

Sabre Insurance Group plc (LON:SBRE)’s share price shot up 3.3% during trading on Thursday . The stock traded as high as GBX 165.40 and last traded at GBX 165. 2,715,623 shares traded hands during mid-day trading, an increase of 96% from the average session volume of 1,388,705 shares. The stock had previously closed at GBX 159.80.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Jefferies Financial Group reissued a “hold” rating and set a GBX 152 price objective on shares of Sabre Insurance Group in a research report on Thursday, May 21st. Berenberg Bank boosted their price objective on shares of Sabre Insurance Group from GBX 185 to GBX 195 and gave the company a “buy” rating in a report on Thursday, May 21st. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Sabre Insurance Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 169.25.

Sabre Insurance Group Trading Up 3.3%

The stock has a market capitalization of £403.11 million, a PE ratio of 10.81, a price-to-earnings-growth ratio of 4.08 and a beta of 0.07. The firm’s fifty day moving average is GBX 155.78 and its 200-day moving average is GBX 142.08.

Sabre Insurance Group (LON:SBRE) last issued its quarterly earnings results on Tuesday, March 10th. The company reported GBX 15.37 earnings per share (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 analysts predict that Sabre Insurance Group plc will post 19.083558 EPS for the current year.

Insider Transactions at Sabre Insurance Group

In related news, insider Geoffrey Richard Carter sold 30,621 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The shares were 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 company’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of GBX 160, for a total transaction of £115,881.60. Insiders have sold 251,193 shares of company stock worth $40,190,880 over the last quarter. Insiders own 1.47% of the company’s stock.

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.