Olympia Financial Group (TSE:OLY) Shares Up 2.2% - Should You Buy?

Key Points

• Olympia Financial Group stock price rose by 2.2% during mid-day trading, reaching a last recorded price of C$127.04.
• Analysts at Fundamental Research have set a new price target of C$147.91 on the stock and assigned a "buy" rating.
• The company announced a monthly dividend of $0.60, representing an annualized yield of 5.7%, with a payout ratio of 70.86%.

Olympia Financial Group Inc. (TSE:OLY - Get Free Report) traded up 2.2% during mid-day trading on Monday . The company traded as high as C$127.84 and last traded at C$127.04. 2,788 shares changed hands during mid-day trading, an increase of 46% from the average session volume of 1,915 shares. The stock had previously closed at C$124.26.

Analysts Set New Price Targets

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

Olympia Financial Group Trading Up 0.5%

The company has a 50 day simple moving average of C$121.75 and a 200 day simple moving average of C$111.76. The company has a current ratio of 3.32, a quick ratio of 1.59 and a debt-to-equity ratio of 6.00. The stock has a market capitalization of C$311.86 million, a PE ratio of 12.75 and a beta of 0.27.

Olympia Financial Group Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a c) annualized dividend and a yield of 5.6%. Olympia Financial Group's dividend payout ratio is currently 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.