Sabre Insurance Group (LON:SBRE) Posts Quarterly Earnings Results

Sabre Insurance Group (LON:SBRE) issued its earnings results on Tuesday. The company reported GBX 14.48 ($0.19) earnings per share (EPS) 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 Price Performance

Shares of LON SBRE opened at GBX 131.45 ($1.71) on Thursday. The business’s 50 day moving average is GBX 130.44 and its two-hundred day moving average is GBX 136.01. Sabre Insurance Group has a 1-year low of GBX 123 ($1.60) and a 1-year high of GBX 183.60 ($2.39). The stock has a market capitalization of £327.52 million, a P/E ratio of 11.09, a PEG ratio of 4.08 and a beta of 0.22.

Sabre Insurance Group Increases Dividend

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

Wall Street Analyst Weigh In

Separately, Berenberg Bank reduced their target price on Sabre Insurance Group from GBX 213 ($2.77) to GBX 210 ($2.73) and set a “buy” rating on the stock in a report on Monday, March 10th.

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.