Sabre Insurance Group (SBRE)

Sector:

Insurance

Index:

FTSE 250

291.50p
   
  • Change Today:
      4.00p
  • 52 Week High: 294.00p
  • 52 Week Low: 249.00p
  • Currency: UK Pounds
  • Shares Issued: 250.00m
  • Volume: 243,214
  • Market Cap: £728.75m
  • RiskGrade: 97

Sabre reiterates full-year guidance despite drop in gross premiums

By Iain Gilbert

Date: Tuesday 30 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Motor insurance outfit Sabre saw gross premiums drop in the six months ended 30 June, but said it was still on track to meet its existing full-year guidance.
Gross premiums fell 6.99% to £101.2m, which was actually "slightly better than anticipated".

Sabre said it had continued to mitigate the impact of industry-wide claims inflation, which it stated was running at approximately 7-8%.

The FTSE 250-listed firm also saw pre-tax profits dip 6.15% to £30.5m despite new policies and renewals being written at its target margins, as the group continued to work on maintaining its strategy of prioritising underwriting profitability over volume.

Sabre proposed an interim dividend per share of 4.7p - a marked reduction on the 7.2p returned to shareholders a year earlier.

Chief executive Geoff Carter said he was pleased to have delivered interim results in line with expectations.

"The financial and operational performance of Sabre demonstrates the resilience of the business model and the merit in our strategy, despite the competitive market conditions.

"The market remains competitive with the dynamics observed in the earlier part of the year continuing through to the end of June."

As of 0940 BST, Sabre shares had dipped 2.70% to 270.50p.

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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 291.50p
Change Today 4.00p
% Change 1.39 %
52 Week High 294.00p
52 Week Low 249.00p
Volume 243,214
Shares Issued 250.00m
Market Cap £728.75m
RiskGrade 97

SBRE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
14.32% below the market average14.32% below the market average14.32% below the market average14.32% below the market average14.32% below the market average
16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average
Price Trend
47.10% above the market average47.10% above the market average47.10% above the market average47.10% above the market average47.10% above the market average
Sector averageSector averageSector averageSector averageSector average
Income
75.54% above the market average75.54% above the market average75.54% above the market average75.54% above the market average75.54% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Growth
7.51% below the market average7.51% below the market average7.51% below the market average7.51% below the market average7.51% below the market average
16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 2
Sell 0
Strong Sell 1
Total 6
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-19 25-Apr-19
Paid 19-Sep-19 30-May-19
Amount 4.70p 6.80p

Trades for 20-Sep-2019

Time Volume / Share Price
16:48 46 @ 291.50p
16:42 800 @ 290.15p
16:42 800 @ 290.15p
16:42 800 @ 289.59p
16:42 800 @ 289.59p

SBRE Key Personnel

CEO Geoffrey Richard Carter

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