Olympia Financial Group (TSE:OLY) Reaches New 52-Week High - Should You Buy?

Key Points

• Olympia Financial Group Inc. shares reached a new **52-week high** of C$130.60, closing at C$129.60, with a trading volume of 2368 shares.
• Fundamental Research has set a **price target of C$147.91** for the company's stock and assigned a "buy" rating.
• The company announced a **monthly dividend of $0.60 per share**, representing a **5.7% annualized yield**, with the ex-dividend date set for August 20th.

Olympia Financial Group Inc. (TSE:OLY - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$130.60 and last traded at C$129.60, with a volume of 2368 shares trading hands. The stock had previously closed at C$127.04.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$147.91 target price on shares of Olympia Financial Group and gave the stock a "buy" rating in a report on Wednesday, May 21st.

Olympia Financial Group Stock Up 1.9%

The company has a debt-to-equity ratio of 6.00, a current ratio of 3.32 and a quick ratio of 1.59. The firm's 50 day moving average is C$122.48 and its two-hundred day moving average is C$112.08. The firm has a market capitalization of C$315.71 million, a P/E ratio of 12.91 and a beta of 0.27.

Olympia Financial Group Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 29th will be paid a $0.60 dividend. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Wednesday, August 20th. Olympia Financial Group's payout ratio is 70.86%.

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.