Shares of Saber Insurance Group plc (LON:SBRE – Get Rating) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 195 ($2.36).
SBRE has been the subject of several analyst reports. Berenberg Bank reiterated a “hold” rating and set a GBX 123 ($1.49) target price on shares of Saber Insurance Group in a research report on Monday, August 1st. Shore Capital restated a “buy” rating on shares of Saber Insurance Group in a research report on Friday, July 15th. Barclays decreased their target price on Saber Insurance Group from GBX 232 ($2.80) to GBX 222 ($2.68) and set an “overweight” rating for the company in a research note on Wednesday, July 27th. Finally, Jefferies Financial Group lowered their target price on Saber Insurance Group from GBX 230 ($2.78) to GBX 120 ($1.45) and set a “hold” rating for the company in a research note on Monday, July 18th.
Saber Insurance Group Pricing Performance
Shares of SBRE stock opened at GBX 123.80 ($1.50) on Friday. The stock has a 50-day moving average of GBX 167.38 and a 200-day moving average of GBX 198.30. The company has a current ratio of 0.49, a quick ratio of 0.21, and a debt-to-equity ratio of 0.03. Saber Insurance Group has a 12-month low of GBX 100 ($1.21) and a 12-month high of GBX 242.50 ($2.93). The company has a market cap of £309.50 million and a P/E ratio of 2,063.33.
Saber Insurance Group Cuts Dividend
The company also recently declared a dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Thursday, August 18th will be given a GBX 2.80 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, August 18th. This represents a dividend yield of 2.73%. Saber Insurance Group’s dividend payout ratio (DPR) is currently 140.00%.
Insider buying and selling
In related news, insider Jeffrey Richard Carter acquired 8,774 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were acquired at an average price of GBX 113 ($1.37) per share, with a total value of £9,914.62 ($11,979.97). In related news, insider Jeffrey Richard Carter acquired 8,774 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were acquired at an average price of GBX 113 ($1.37) per share, with a total value of £9,914.62 ($11,979.97). Also, insider Andrew D. Pomfret acquired 93,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The shares were bought at an average price of GBX 105 ($1.27) per share, with a total value of £97,650 ($117,991.78). Insiders purchased a total of 111,056 shares of company stock valued at $12,696,400 over the last three months.
About Saber Insurance Group
Saber Insurance Group plc, through its subsidiaries, is engaged in the underwriting of motor vehicle and motorcycle general insurance 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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