Sabre Insurance Group (SBRE)

Sector:

Insurance

Index:

FTSE Small Cap

131.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 179.80
  • 52 Week Low: 128.20
  • Currency: UK Pounds
  • Shares Issued: 250.00m
  • Volume: 2,367,071
  • Market Cap: £327.50m
  • RiskGrade: 127
  • Beta: 0.84

Sabre Insurance ends year in line after pricing action

By Josh White

Date: Thursday 15 Feb 2024

LONDON (ShareCast) - (Sharecast News) - Motor insurance underwriter Sabre Insurance Group said in a trading update on Thursday that it was set to meet or exceed current market expectations for 2023, having taken swift pricing actions since 2022 to counteract persistent claims inflation.
The London-listed firm said gross written premium was anticipated to have risen 32% to £225m, with core motor vehicle premium growth of around 47%.

It also said it expected profit to land towards or slightly surpass the upper end of current market forecasts.

The company highlighted strong capital generation, with a pre-dividend solvency capital ratio expected to hover around 205%.

Sabre said it would announce its audited full-year results for 2023 on 19 March.

At 0911 GMT, shares in Sabre Insurance Group were up 1.64% at 154.5p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SBRE Market Data

Currency UK Pounds
Share Price 131.00p
Change Today 2.00p
% Change 1.55 %
52 Week High 179.80
52 Week Low 128.20
Volume 2,367,071
Shares Issued 250.00m
Market Cap £327.50m
Beta 0.84
RiskGrade 127

SBRE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
72.83% above the market average72.83% above the market average72.83% above the market average72.83% above the market average72.83% above the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
12.05% below the market average12.05% below the market average12.05% below the market average12.05% below the market average12.05% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Income
88.35% above the market average88.35% above the market average88.35% above the market average88.35% above the market average88.35% above the market average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average
Growth
34.9% below the market average34.9% below the market average34.9% below the market average34.9% below the market average34.9% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 3
Buy 3
Neutral 2
Sell 0
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SBRE Dividends

  Latest Previous
  Interim Final
Ex-Div 22-Aug-24 25-Apr-24
Paid 25-Sep-24 05-Jun-24
Amount 1.70p 4.20p

Trades for 21-Nov-2024

Time Volume / Share Price
10:39 459,043 @ 129.00p
10:40 540,000 @ 129.00p
16:29 248 @ 130.80p
16:29 150 @ 130.60p
16:29 150 @ 130.40p

SBRE Key Personnel

CEO Geoffrey Richard Carter
Chair Rebecca Ann Shelley

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