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

Olympia Financial Group Inc. (TSE:OLY)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$115.25 and last traded at C$114.90, with a volume of 2514 shares trading hands. The stock had previously closed at C$114.90.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$147.91 price objective on shares of Olympia Financial Group and gave the stock a “buy” rating in a research note on Wednesday, May 21st.

Olympia Financial Group Stock Performance

The stock has a 50-day moving average of C$106.00 and a 200 day moving average of C$106.46. The firm has a market capitalization of C$276.49 million, a P/E ratio of 11.31 and a beta of 0.27. The company has a debt-to-equity ratio of 6.00, a quick ratio of 1.59 and a current ratio of 3.32.

Olympia Financial Group Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 30th were paid a $0.60 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date of this dividend was Wednesday, May 21st. Olympia Financial Group’s dividend payout ratio is currently 70.86%.

Insider Activity

In other news, Senior Officer Neil Robert Mccullagh sold 2,376 shares of the business’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of C$105.67, for a total transaction of C$251,075.48. Over the last ninety days, insiders acquired 272 shares of company stock worth $29,488. 34.63% of the stock is owned by corporate insiders.

Olympia Financial Group Company Profile

Olympia Financial Group Inc is engaged in providing financial services. The company’s operating segments are Private Health Services Plan division which markets, sells and administers health and dental benefits to business owners; Investment Account Services division specializes in registered account administration; The Currency and Global Payments division provides corporations and private clients a personalized service for buying and selling foreign currencies; The Exempt Edge division is focused on Onboarding fees; The Corporate and Shareholder Services division, which acts as a cost centre and the Corporate Division.