Olympia Financial Group (TSE:OLY) Hits New 12-Month High - Here's What Happened

Key Points

• Olympia Financial Group shares reached a new 52-week high at C$124.49, reflecting increased trading activity with 412 shares exchanged.
• Analysts have set a target price of C$147.91 for the stock, providing a "buy" rating, suggesting potential upside for investors.
• The company declared a $0.60 monthly dividend, contributing to an annual yield of 5.78%, with a current payout ratio of 70.86%.

Olympia Financial Group Inc. (TSE:OLY - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$124.49 and last traded at C$124.49, with a volume of 412 shares trading hands. The stock had previously closed at C$123.98.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$147.91 price target on 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 market capitalization of C$297.18 million, a P/E ratio of 12.15 and a beta of 0.27. The company has a quick ratio of 1.59, a current ratio of 3.32 and a debt-to-equity ratio of 6.00. The business has a fifty day moving average price of C$117.76 and a 200-day moving average price of C$110.32.

Olympia Financial Group Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 31st will be given a $0.60 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 5.83%. The ex-dividend date of this dividend is Tuesday, July 22nd. 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.