Saber Insurance Group plc (LON:SBRE – Get Rating) insider Geoffrey Richard Carter purchased 8,774 shares of Saber Insurance Group stock in a transaction dated Friday, July 29th. The stock was bought at an average cost of GBX 113 ($1.38) per share, with a total value of £9,914.62 ($12,148.78).
Saber Insurance Group Trading Up 1.3 %
Shares of Saber Insurance Group stock opened at GBX 110.80 ($1.36) on Tuesday. Saber Insurance Group plc has a 52-week low of GBX 100 ($1.23) and a 52-week high of GBX 242.50 ($2.97). The firm has a 50-day moving average of GBX 181.96 and a 200-day moving average of GBX 203. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.21 and a current ratio of 0.49. The stock has a market cap of £277.00 million and a PE ratio of 1,846.67.
Saber Insurance Group Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Thursday, August 18th will be given a dividend of GBX 2.80 ($0.03) per share. This represents a dividend yield of 2.73%. The ex-dividend date is Thursday, August 18th. Saber Insurance Group’s dividend payout ratio (DPR) is 175.00%.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on SBRE shares. Jefferies Financial Group dropped their price objective on shares of Saber Insurance Group from GBX 230 ($2.82) to GBX 120 ($1.47) and set a “hold” rating on the stock in a research note on Monday, July 18th. Shore Capital reiterated a “buy” rating on shares of Saber Insurance Group in a research note on Friday, July 15th. Berenberg Bank reiterated a “hold” rating and issued a GBX 123 ($1.51) target price on shares of Saber Insurance Group in a research note on Monday. Finally, Barclays reduced their price target on shares of Saber Insurance Group from GBX 232 ($2.84) to GBX 222 ($2.72) and set an “overweight” rating for the company in a report on Wednesday, July 27th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 195 ($2.39).
Saber Insurance Group Company Profile
Saber Insurance Group plc, through its subsidiaries, engages in the writing of general insurance for motor vehicles and motorcycles in the United Kingdom. It offers its products through a network of insurance brokers, as well as through its own direct brands, including Go Girl, Insure 2 Drive, and Drive Smart.
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