Olympia Financial Group (TSE:OLY) Sets New 1-Year High - Here's What Happened

Key Points

• Olympia Financial Group (TSE:OLY) reached a new 52-week high of C$132.00, with recent trading volume totaling 1,905 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 has announced a monthly dividend of $0.60, yielding 5.4%, with a payout ratio of 70.86% as of now.

Olympia Financial Group Inc. (TSE:OLY - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as C$132.00 and last traded at C$132.00, with a volume of 1905 shares traded. The stock had previously closed at C$131.20.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$147.91 price objective on Olympia Financial Group and gave the stock a "buy" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of C$147.91.

Olympia Financial Group Stock Performance

The company has a market cap of C$315.23 million, a P/E ratio of 12.89 and a beta of 0.27. The company has a 50 day moving average price of C$124.13 and a 200-day moving average price of C$112.87. The company has a quick ratio of 1.59, a current ratio of 3.32 and a debt-to-equity ratio of 6.00.

Olympia Financial Group Dividend Announcement

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

About Olympia Financial Group

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.