Olympia Financial Group (TSE:OLY) Hits New 52-Week Low – Here’s Why

Olympia Financial Group Inc. (TSE:OLY)’s stock price reached a new 52-week low on Tuesday . The company 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 Ratings Changes

Separately, Fundamental Research set a C$158.24 target price on shares of Olympia Financial Group and gave the stock a “buy” rating in a research report on Friday, May 22nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Olympia Financial Group currently has a consensus rating of “Buy” and a consensus price target of C$158.24.

Olympia Financial Group Stock Performance

The stock has a market capitalization of C$241.39 million, a P/E ratio of 13.20 and a beta of -0.00. The company has a debt-to-equity ratio of 22.31, a current ratio of 57.49 and a quick ratio of 1.59. The company has a 50 day simple moving average of C$104.69 and a 200-day simple moving average of C$113.17.

Olympia Financial Group Dividend Announcement

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

Insider Activity at Olympia Financial Group

In other Olympia Financial Group news, Director Brian Ross Newman sold 500 shares of Olympia Financial Group stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of C$103.50, for a total transaction of C$51,750.00. Following the completion of the sale, the director owned 300 shares of the company’s stock, valued at C$31,050. The trade was a 62.50% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 1,000 shares of company stock valued at $103,800. 34.63% of the stock is owned by corporate insiders.

About Olympia Financial Group

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”.