AXA Investment Managers owns 5.04% of Sabre Insurance Group Plc, it has been revealed.
A regulatory filing by Sabre shows the AXA unit now has 12.6 million in voting rights, out of the 250 million total, following a transaction last week.
It is not clear whether AXA Investment Managers previously owned a smaller amount of shareholding, or less than the notifiable threshold of 5%, in the UK-headquartered private motor insurance underwriter.
Sabre’s ordinary shares were admitted to trading on the London Stock Exchange in December 2017. Less than two months ago the company released its 2018 financial results following a full year as a listed business.
For the 12 months ended December 31, Sabre posted £210 million in gross written premium and a profit after tax of £49.7 million.
