Olympia Financial Group (TSE:OLY) Reaches New 52-Week Low - Here's What Happened

Key Points

• Olympia Financial Group shares hit a new 52-week low of C$95.00 on Monday, down from the prior close of C$98.52.
• Despite the decline, the stock carries a consensus “Buy” rating and a C$166.48 target price from Fundamental Research, substantially above its recent trading level.
• The company reported quarterly earnings of C$1.53 per share on C$21.43 million in revenue and announced a monthly C$0.50 dividend, representing a 6.3% annualized yield; insiders have sold 1,000 shares over the past 90 days.

Olympia Financial Group Inc. (TSE:OLY - Get Free Report) hit a new 52-week low during trading on Monday . The company traded as low as C$95.00 and last traded at C$95.00, with a volume of 5021 shares changing hands. The stock had previously closed at C$98.52.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$166.48 target price on Olympia Financial Group and gave the stock a "buy" rating in a report on Wednesday, August 26th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of C$166.48.

Olympia Financial Group Stock Performance

The firm's 50 day moving average price is C$104.25 and its 200-day moving average price is C$112.74. The firm has a market cap of C$228.57 million, a price-to-earnings ratio of 12.50 and a beta of -0.00. The company has a debt-to-equity ratio of 22.31, a current ratio of 57.49 and a quick ratio of 1.59.

Olympia Financial Group (TSE:OLY - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The health services provider reported C$1.53 earnings per share for the quarter. The firm had revenue of C$21.43 million during the quarter. Olympia Financial Group had a net margin of 17.31% and a return on equity of 35.11%. On average, analysts anticipate that Olympia Financial Group Inc. will post 3.06 earnings per share for the current year.

Olympia Financial Group Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 31st will be paid a $0.50 dividend. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Thursday, August 20th. Olympia Financial Group's dividend payout ratio (DPR) is presently 92.11%.

Insider Transactions at Olympia Financial Group

In related news, Director Brian Ross Newman sold 500 shares of the business's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of C$103.50, for a total transaction of C$51,750.00. Following the transaction, the director directly owned 300 shares in the company, valued at C$31,050. The trade was a 62.50% decrease in their ownership of the stock. Insiders sold 1,000 shares of company stock worth $103,800 in the last 90 days. Insiders own 34.63% of the company's stock.

About Olympia Financial Group

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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