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SBRE Sabre Insurance Group Plc

179.40
-0.20 (-0.11%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sabre Insurance Group Plc LSE:SBRE London Ordinary Share GB00BYWVDP49 ORD GBP0.001P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.20 -0.11% 179.40 96,727 16:35:10
Bid Price Offer Price High Price Low Price Open Price
175.80 179.40 179.20 175.20 175.20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Insurance Carriers, Nec 158.32M 10.11M 0.0404 43.81 442.5M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:06:17 O 147 179.40 GBX

Sabre Insurance (SBRE) Latest News

Sabre Insurance (SBRE) Discussions and Chat

Sabre Insurance Forums and Chat

Date Time Title Posts
22/3/202410:18Sabre Ins271

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Sabre Insurance (SBRE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-28 17:06:34179.40147263.72O
2024-03-28 16:55:21179.415293.29O
2024-03-28 16:54:21179.3010,85619,464.70O
2024-03-28 16:35:10179.4039,17470,278.16UT
2024-03-28 16:25:34176.685,0008,834.00O

Sabre Insurance (SBRE) Top Chat Posts

Top Posts
Posted at 28/3/2024 08:20 by Sabre Insurance Daily Update
Sabre Insurance Group Plc is listed in the Insurance Carriers, Nec sector of the London Stock Exchange with ticker SBRE. The last closing price for Sabre Insurance was 179.60p.
Sabre Insurance currently has 250,000,000 shares in issue. The market capitalisation of Sabre Insurance is £442,500,000.
Sabre Insurance has a price to earnings ratio (PE ratio) of 43.81.
This morning SBRE shares opened at 175.20p
Posted at 22/3/2024 05:40 by martywidget
'RBC Capital Markets has lifted its target price for Sabre Insurance from 200p to 220p and reiterated an 'outperform' rating after the company's well-received annual results, hailing the company's ability to continue winning volumes profitably.
20 Mar, 2024 16:11
www.sharecast.com/news/broker-recommendations-/broker-tips-sabre-insurance-close-brothers-elementis--16467774.html
Posted at 20/3/2024 18:52 by r9505571
Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results:EPS: UK£0.073 (up from UK£0.041 in FY 2022).Revenue: UK£196.8m (up 23% from FY 2022).Net income: UK£18.1m (up 79% from FY 2022).Profit margin: 9.2% (up from 6.3% in FY 2022). The increase in margin was driven by higher revenue.Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) also surpassed analyst estimates by 13%.Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Insurance industry in the United Kingdom.Over the last 3 years on average, earnings per share has fallen by 49% per year but the company's share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Posted at 19/3/2024 22:19 by r9505571
Price target increased by 7.2% to UK£1.81Up from UK£1.69, the current price target is an average from 8 analysts.New target price is 14% above last closing price of UK£1.59.Stock is up 50% over the past year.The company is forecast to post earnings per share of UK£0.064 for next year compared to UK£0.041 last year.
Posted at 18/8/2023 16:49 by wish i wasnt in rbs
Interesting that the price seems to pick up after 2.30?!
Posted at 18/8/2023 08:15 by wba1
All the points about various inflation drivers abating are fair but are peripheral to the real point. Sabre has been valued historically for producing a COR in the 70s, which is much better (by at least 20 points) than the market. The question is whether you think it can get back to that level (in which case a return to a share price from 200-300 is fair) or whether, like me, you cannot see how that will happen based on the current performance and the GWP growth drivers (in which case the current valuation looks generous, never mind a further increase). I would advise not getting too excited about second hand car values. Damages costs are less important than injury costs and write offs are only a part of damages. Ultimately an insurer value boils down to COR absent non-insurer assets such as rescue networks.
Posted at 18/8/2023 07:56 by mortimer7
Similarly, UK used car price increases have been pretty flat this year. Average increases of around 2% YTD to July, whereas the last 6 months of 2022 the average was 10% per month (Autotrader report). As a major contributor to claims inflation this surely must be good for Sabre (& all in the sector) particularly as I believe UK motor insurance premium inflation YoY is far higher than these %'s.
Posted at 17/8/2023 08:16 by wba1
I think that the share price recovery reflects an expectation that Sabre can return to its previous performance level over the next 2-3 years. I doubt this for a simple reason. Even assuming there are no more nasties lurking in the reserves it lost a significant amount of its legacy business as it hiked rates and is now relying on new business (rather than renewals) and new accounts for the likes of taxis, motorcycles and Saga to grow again. None of this is likely to return loss ratios to the 40s and CORs to the 70s (as they were up to 2020) and justify premium ratings. I can see that Sabre has stabilised and is performing satisfactorily but it now looks like a small, sub scale retail insurer with little to distinguish it from bigger competitors.
Posted at 03/8/2023 13:16 by wba1
Interesting half year results. I remain deeply unconvinced by Sabre. The headline COR is flattered by the change in accounting practices and the real comparator with past years is the 98% undiscounted figure. Whether discounted under the new rules or undiscounted this years half year number is still worse than at 2022 half year. It seems to me that management is using the change in accounting to pretend that matters are better than they are. The undiscounted COR of 98% compares with the results in the mid-70s that Sabre were producing when a stand out performer and the accident year net loss ratio of 69% compares to figures in the 40s. Given the noises they made a year ago and at full year I would have expected to see more improvement by now. On the positive side, the motorcycle performance has improved faster than I expected (but taxis remains a black hole). The written account growth is interesting but will slow down recovery a little due to new business always performing worse than business already held - so it is swings and roundabouts with long term benefit but shorter term cost.
I do take the point that COR will benefit as the account grows as fixed and semi fixed costs are spread over more premium and the expense ratio reduces. I am also pleasantly surprised at the solvency ratio holding as well as it has.
My overall conclusion is that Sabre has a long way still to go to merit its premium share price compared to either other general insurers or the wider insurance market and the current price remains hard to justify. I may be wrong but this still seems to me to be one for gamblers.
Posted at 02/4/2023 08:39 by wba1
Hopan; I think that either SBRE is overvalued or DLG undervalued. On balance I lean to the latter but that is just my view. I am convinced both valuations cannot be right. My main concern with SBRE is the likely continuing impact of the motorcycle and taxi accounts as they build to a full effect on profit through the earnings pattern. They will be a much bigger % of earned premium in 2023 than 2022 and I do not believe SBRE can expect them to produce a loss ratio anywhere near that of the traditional Sabre business. SBRE seems to be in transition to a COR much nearer to the market performance than its past 20 point advantage simply because of its pursuit of new business sources.
Posted at 31/3/2023 23:06 by hopan
Hi Wba1, thanks for the analysis. Just to clarify, you think SBRE is overvalued compared to the DLG, right?

I appreciate SBRE management on expecting the claim inflation. Well before the others. Good decision. And they ended up almost flat for 2022.
Sabre Insurance share price data is direct from the London Stock Exchange

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