Sabre Insurance Group plc (LON:SBRE – Get Free Report) fell 0.7% during trading on Wednesday . The stock traded as low as GBX 138.85 ($1.86) and last traded at GBX 139 ($1.86). 290,412 shares changed hands during trading, a decline of 38% from the average session volume of 466,749 shares. The stock had previously closed at GBX 140 ($1.87).
Analyst Ratings Changes
Separately, Royal Bank of Canada reiterated an “outperform” rating and set a GBX 220 ($2.94) target price on shares of Sabre Insurance Group in a research report on Thursday, August 1st.
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Sabre Insurance Group Stock Performance
Sabre Insurance Group Cuts Dividend
The business also recently disclosed a dividend, which was paid on Wednesday, September 25th. Stockholders of record on Thursday, August 22nd were given a dividend of GBX 1.70 ($0.02) per share. This represents a dividend yield of 1.06%. The ex-dividend date was Thursday, August 22nd. Sabre Insurance Group’s dividend payout ratio (DPR) is currently 5,000.00%.
Insider Buying and Selling
In other news, insider Bryan Joseph acquired 32,796 shares of Sabre Insurance Group stock in a transaction dated Thursday, August 29th. The shares were purchased at an average cost of GBX 152 ($2.03) per share, for a total transaction of £49,849.92 ($66,679.94). Over the last ninety days, insiders purchased 33,158 shares of company stock worth $5,039,868. Corporate insiders own 8.43% of the company’s stock.
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.
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