Olympia Financial Group (TSE:OLY) Stock Price Down 2.5% - Here's What Happened

Key Points

• Olympia Financial Group Inc. shares fell by 2.5% on Tuesday, trading at C$117.06 after a previous close of C$120.00, with trading volume increasing by 143% compared to the average.
• Analysts have given Olympia a "buy" rating with a price target of C$177.66, indicating a positive outlook for the stock despite its current decline.
• The company announced a monthly dividend of $0.60, with an annualized yield of 6.2%, due to be paid on October 31st.

Olympia Financial Group Inc. (TSE:OLY - Get Free Report) shares fell 2.5% on Tuesday . The company traded as low as C$116.61 and last traded at C$117.06. 4,775 shares changed hands during mid-day trading, an increase of 143% from the average session volume of 1,966 shares. The stock had previously closed at C$120.00.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$177.66 price objective on Olympia Financial Group and gave the company a "buy" rating in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of C$177.66.

Olympia Financial Group Stock Down 2.5%

The firm has a 50 day moving average of C$128.04 and a two-hundred day moving average of C$117.46. The firm has a market capitalization of C$281.65 million, a price-to-earnings ratio of 12.18 and a beta of 0.15. 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 Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 31st will be given a $0.60 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a c) annualized dividend and a yield of 6.2%. Olympia Financial Group's dividend payout ratio (DPR) is currently 74.92%.

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.

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