Last checked at (Sharecast News) - Sabre Insurance Group revealed on Thursday that incoming chairman Andy Pomfret had acquired 37,800 ordinary shares in the FTSE 250-listed motor insurer.
Pomfret, who will take over as chairman on 1 September, purchased the shares at an average price of 261.75p each, for a total value of £98,941.50.
Back in July, Sabre reported gross written premiums of £86.9m in its first half, falling from £101.2m year-on-year, while its net loss ratio fell to 45.1% to 48.2%.
Adjusted profit before tax slipped to £27.8m from £30.5m, while the board said it would pay an ordinary interim dividend per share of 4.3p, down from the 4.7p per share distribution a year ago.
As of 1630 BST, Sabre shares were down 0.57% at 260.0p
Top Director Buys
Sabre Insurance Group (SBRE)
Director name: Pomfret,Andrew D
Amount purchased: 37,800 @ 261.75p
Value: £98,941.50
Serco Group (SRP)
Director name: Owen,Dame Sue
Amount purchased: 10,000 @ 139.42p
Value: £13,942.00
Cloudcoco Group (CLCO)
Director name: Duckworth,Simon D'Olier
Amount purchased: 250,000 @ 1.15p
Value: £2,875.00
Top Director Sells
4 Oct 2021 10:16
Berenberg lowers target price on Sabre
(Sharecast News) - Analysts at Berenberg lowered their target price on insurance provider Sabre from 224.0p to 199.0p, stating that when "things do not add up" it's time to 'sell'.
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