Sabre Insurance Chair Increases Shareholding Amid Reporting Correction

An announcement from Sabre Insurance Group plc ( (GB:SBRE) ) is now available.

Sabre Insurance Group plc announced that its Chair, Rebecca Shelley, purchased 2,639 Ordinary Shares, funded by reinvesting her 2024 dividend proceeds. An administrative error in the 2024 Annual Report misreported her shareholding, which has now been corrected to 33,657 shares, representing 0.013% of the company’s issued share capital.

The most recent analyst rating on (GB:SBRE) stock is a Buy with a £2.05 price target. To see the full list of analyst forecasts on Sabre Insurance Group plc stock, see the GB:SBRE Stock Forecast page.

Spark’s Take on GB:SBRE Stock

According to Spark, TipRanks’ AI Analyst, GB:SBRE is a Neutral.

Sabre Insurance Group’s overall stock score is bolstered by strong financial performance, particularly in revenue growth and profitability improvements, along with an undervalued stock price and attractive dividends. While the technical analysis suggests some caution due to the stock trading below key moving averages, the positive corporate events, such as insider buying and strategic initiatives, reinforce confidence in the company’s prospects. The absence of earnings call data limits a more comprehensive assessment.

To see Spark’s full report on GB:SBRE stock, click here.

More about Sabre Insurance Group plc

Sabre Insurance Group plc is a leading private motor insurance underwriter in the UK, focusing on providing motor insurance products.

Average Trading Volume: 860,581

Technical Sentiment Signal: Buy

Current Market Cap: £343.5M

For detailed information about SBRE stock, go to TipRanks’ Stock Analysis page.