Sabre Insurance Group (LON:SBRE) Releases Earnings Results

Sabre Insurance Group (LON:SBRE) issued its earnings results on Tuesday. The company reported GBX 14.48 ($0.19) earnings per share for the quarter, Digital Look Earnings reports. Sabre Insurance Group had a return on equity of 12.19% and a net margin of 12.82%.

Sabre Insurance Group Stock Up 0.2 %

Shares of LON SBRE traded up GBX 0.20 ($0.00) on Thursday, reaching GBX 131 ($1.70). 823,505 shares of the company’s stock traded hands, compared to its average volume of 511,874. The business’s 50 day simple moving average is GBX 130.44 and its two-hundred day simple moving average is GBX 136.01. Sabre Insurance Group has a 12 month low of GBX 123 ($1.60) and a 12 month high of GBX 183.60 ($2.39). The company has a market cap of £326.40 million, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 4.08 and a beta of 0.22.

Sabre Insurance Group Increases Dividend

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

Wall Street Analyst Weigh In

Separately, Berenberg Bank dropped their price objective on Sabre Insurance Group from GBX 213 ($2.77) to GBX 210 ($2.73) and set a “buy” rating for the company in a research note on Monday, March 10th.

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.