Olympia Financial Group (TSE:OLY) Director Brian Ross Newman Sells 300 Shares of Stock

Key Points

• Director Brian Ross Newman sold 300 Olympia Financial Group shares at C$104.00 each, worth C$31,200, bringing his total sales over three days to 1,000 shares valued at C$103,800.
• Olympia Financial shares fell 1.6% to C$100.83, near the lower end of their 52-week range, while trading volume remained close to average.
• The company announced a monthly dividend of $0.50 per share, implying a 6.0% annualized yield; analysts maintain a “Buy” rating with a C$158.24 price target.

Olympia Financial Group Inc. (TSE:OLY - Get Free Report) Director Brian Ross Newman sold 300 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of C$104.00, for a total value of C$31,200.00.

Brian Ross Newman also recently made the following trade(s):

• On Tuesday, August 18th, Brian Ross Newman sold 200 shares of Olympia Financial Group stock. The stock was sold at an average price of C$104.25, for a total value of C$20,850.00.
• On Wednesday, August 19th, Brian Ross Newman sold 500 shares of Olympia Financial Group stock. The shares were sold at an average price of C$103.50, for a total value of C$51,750.00.

Olympia Financial Group Stock Down 1.6%

Shares of TSE:OLY traded down C$1.67 during mid-day trading on Friday, hitting C$100.83. 2,272 shares of the company traded hands, compared to its average volume of 2,360. The firm's 50 day simple moving average is C$104.77 and its 200 day simple moving average is C$113.35. The firm has a market cap of C$242.60 million, a P/E ratio of 13.27 and a beta of -0.00. The company has a debt-to-equity ratio of 22.31, a quick ratio of 1.59 and a current ratio of 57.49. Olympia Financial Group Inc. has a 52-week low of C$98.00 and a 52-week high of C$133.60.

Olympia Financial Group Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 31st will be given a dividend of $0.50 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Thursday, August 20th. Olympia Financial Group's payout ratio is presently 92.11%.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$158.24 price target on shares of Olympia Financial Group and gave the stock a "buy" rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of C$158.24.

Olympia Financial Group Company Profile

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".

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