Olympia Financial Group (TSE:OLY) Reaches New 12-Month Low - Time to Sell?

Key Points

• Olympia Financial Group fell to a new 52-week low of C$98.00, down from its previous close of C$102.40. The stock’s 50-day and 200-day moving averages were C$104.69 and C$113.17, respectively.
• Despite the decline, Fundamental Research maintained a Buy rating with a C$158.24 price target, implying substantial upside from the trading level.
• The company declared a monthly dividend of C$0.50, representing an annualized 6.0% yield; however, its payout ratio is high at 92.11%. Insiders sold 1,000 shares over the past 90 days, while insiders retain a 34.63% ownership stake.

Olympia Financial Group Inc. (TSE:OLY - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$98.00 and last traded at C$98.00, with a volume of 2713 shares traded. The stock had previously closed at C$102.40.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$158.24 target price on Olympia Financial Group and gave the company a "buy" rating in a report on Friday, May 22nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of C$158.24.

Olympia Financial Group Stock Performance

The firm has a market capitalization of C$241.39 million, a price-to-earnings ratio of 13.20 and a beta of -0.00. The stock has a fifty day moving average price of C$104.69 and a 200-day moving average price of C$113.17. The company has a current ratio of 57.49, a quick ratio of 1.59 and a debt-to-equity ratio of 22.31.

Olympia Financial Group Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 31st will be given a $0.50 dividend. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Thursday, August 20th. Olympia Financial Group's dividend payout ratio (DPR) is presently 92.11%.

Insider Buying and Selling at Olympia Financial Group

In other Olympia Financial Group news, Director Brian Ross Newman sold 300 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of C$104.00, for a total value of C$31,200.00. Insiders have sold 1,000 shares of company stock worth $103,800 over the last ninety days. Insiders own 34.63% of the company's stock.

Olympia Financial Group Company Profile

Olympia Financial Group Inc ("OFGI") conducts most of its operations through its subsidiary Olympia Trust Company, a non-deposit taking trust company. Olympia Trust Company is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick, and Nova Scotia. Olympia Trust Company administers self-directed registered plan accounts, corporate trust, and transfer agency services. OFGI also provides currency exchange and global payment services through its subsidiary Olympia Currency and Global Payments Inc, and offers private health services plans and information technology services to exempt market dealers, registrants, and issuers through its subsidiary Olympia Benefits Inc OFGI's common shares are listed on the Toronto Stock Exchange under the symbol "OLY".

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