Olympia Financial Group (TSE:OLY) Sets New 52-Week High - Still a Buy?

Key Points

• Olympia Financial Group Inc. reached a new 52-week high, trading at C$126.25 during mid-day trading, with a volume of 1,803 shares.
• Analysts from Fundamental Research have set a price target of C$147.91 and assigned a "buy" rating for the company's stock.
• The company declared a monthly dividend of $0.60, resulting in an annualized dividend yield of 5.6%, with a payout ratio of 70.86%.

Olympia Financial Group Inc. (TSE:OLY - Get Free Report) shares hit a new 52-week high on Thursday . The company traded as high as C$126.25 and last traded at C$126.25, with a volume of 1803 shares trading hands. The stock had previously closed at C$123.35.

Analysts Set New Price Targets

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

Olympia Financial Group Stock Performance

The firm's 50-day moving average is C$119.21 and its 200 day moving average is C$110.84. The stock has a market cap of C$305.24 million, a PE ratio of 12.48 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 Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 31st were given a $0.60 dividend. The ex-dividend date was Tuesday, July 22nd. This represents a c) annualized dividend and a yield of 5.7%. Olympia Financial Group's dividend 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.