Olympia Financial Group (TSE:OLY) Sets New 12-Month Low – Here’s Why

Olympia Financial Group Inc. (TSE:OLYGet Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$98.00 and last traded at C$98.00, with a volume of 2713 shares changing hands. The stock had previously closed at C$102.40.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$166.48 target price on shares of Olympia Financial Group and gave the stock a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Olympia Financial Group presently has a consensus rating of “Buy” and an average price target of C$166.48.

View Our Latest Stock Report on Olympia Financial Group

Olympia Financial Group Price Performance

The stock has a fifty day simple moving average of C$104.45 and a two-hundred day simple moving average of C$112.97. The company has a market cap of C$241.23 million, a PE ratio of 13.19 and a beta of -0.00. The company has a current ratio of 57.49, a quick ratio of 1.59 and a debt-to-equity ratio of 22.31.

Olympia Financial Group Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 31st will be issued a $0.50 dividend. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Thursday, August 20th. Olympia Financial Group’s dividend payout ratio (DPR) is currently 92.11%.

Insider Buying and Selling at Olympia Financial Group

In related news, Director Brian Ross Newman sold 300 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of C$104.00, for a total transaction of C$31,200.00. Insiders sold 1,000 shares of company stock valued at $103,800 in the last quarter. 34.63% of the stock is owned by insiders.

Olympia Financial Group Company Profile

(Get Free Report)

Olympia Financial Group Inc (“OFGI”) conducts most of its operations through its subsidiary Olympia Trust Company, a non-deposit taking trust company. Olympia Trust Company is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick, and Nova Scotia. Olympia Trust Company administers self-directed registered plan accounts, corporate trust, and transfer agency services. OFGI also provides currency exchange and global payment services through its subsidiary Olympia Currency and Global Payments Inc, and offers private health services plans and information technology services to exempt market dealers, registrants, and issuers through its subsidiary Olympia Benefits Inc OFGI’s common shares are listed on the Toronto Stock Exchange under the symbol “OLY”.

Further Reading

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