Sabre Insurance Group plc (LON:SBRE) Increases Dividend to GBX 11.30 Per Share

Sabre Insurance Group plc (LON:SBREGet Free Report) declared a dividend on Tuesday, March 18th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 17th will be given a dividend of GBX 11.30 ($0.15) per share on Wednesday, June 4th. This represents a dividend yield of 8.59%. The ex-dividend date is Thursday, April 17th. This is a 564.7% increase from Sabre Insurance Group’s previous dividend of $1.70. The official announcement can be accessed at this link.

Sabre Insurance Group Stock Up 5.6 %

LON:SBRE traded up GBX 7 ($0.09) during mid-day trading on Tuesday, reaching GBX 131 ($1.70). The company’s stock had a trading volume of 6,345,353 shares, compared to its average volume of 547,376. Sabre Insurance Group has a 1 year low of GBX 123 ($1.60) and a 1 year high of GBX 183.60 ($2.38). The stock has a fifty day moving average of GBX 130.93 and a 200-day moving average of GBX 136.38. The firm has a market capitalization of £326.40 million, a PE ratio of 11.05, a price-to-earnings-growth ratio of 4.08 and a beta of 0.22.

Sabre Insurance Group (LON:SBREGet Free Report) last released its quarterly earnings data on Tuesday, March 18th. The company reported GBX 14.48 ($0.19) earnings per share for the quarter. Sabre Insurance Group had a net margin of 12.82% and a return on equity of 12.19%. On average, analysts expect that Sabre Insurance Group will post 19.083558 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Analysis on SBRE

Sabre Insurance Group Company Profile

(Get Free Report)

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.

See Also

Dividend History for Sabre Insurance Group (LON:SBRE)

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