Olympia Financial Group (TSE:OLY) Director Sells C$20,850.00 in Stock

Key Points

• Director Brian Ross Newman sold 200 Olympia Financial Group shares at C$104.25 each for proceeds of C$20,850, reducing his direct ownership by 20% to 800 shares. He also sold an additional 800 shares in two subsequent transactions.
• Olympia shares fell 1.6% to C$100.83, near the lower end of their C$98.00–C$133.60 12-month range, while trading volume remained close to average.
• The company announced a monthly dividend of C$0.50 per share, implying a 6.0% annualized yield, and analysts maintained a Buy consensus with a C$158.24 price target.

Olympia Financial Group Inc. (TSE:OLY - Get Free Report) Director Brian Ross Newman sold 200 shares of the firm's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of C$104.25, for a total value of C$20,850.00. Following the transaction, the director directly owned 800 shares of the company's stock, valued at approximately C$83,400. This represents a 20.00% decrease in their ownership of the stock.

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

• On Wednesday, August 19th, Brian Ross Newman sold 500 shares of Olympia Financial Group stock. The stock was sold at an average price of C$103.50, for a total value of C$51,750.00.
• On Thursday, August 20th, Brian Ross Newman sold 300 shares of Olympia Financial Group stock. The shares were sold at an average price of C$104.00, for a total transaction of C$31,200.00.

Olympia Financial Group Trading Down 1.6%

Olympia Financial Group stock traded down C$1.67 during trading hours on Friday, reaching C$100.83. 2,272 shares of the company's stock were exchanged, compared to its average volume of 2,360. Olympia Financial Group Inc. has a twelve month low of C$98.00 and a twelve month high of C$133.60. The company has a quick ratio of 1.59, a current ratio of 57.49 and a debt-to-equity ratio of 22.31. 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 capitalization of C$242.60 million, a PE ratio of 13.27 and a beta of -0.00.

Olympia Financial Group Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors 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 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 objective on Olympia Financial Group and gave the company a "buy" rating in a report on Friday, May 22nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of C$158.24.

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".

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