Olympia Financial Group (TSE:OLY) Stock Price Up 2.2% – Here’s What Happened

Shares of Olympia Financial Group Inc. (TSE:OLY) shot up 2.2% during trading on Monday . The stock 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.

Wall Street Analyst Weigh In

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

Olympia Financial Group Stock Performance

The company has a market cap of C$305.70 million, a PE ratio of 12.50 and a beta of 0.27. The company has a debt-to-equity ratio of 6.00, a quick ratio of 1.59 and a current ratio of 3.32. The stock’s 50-day simple moving average is C$121.11 and its 200 day simple moving average is C$111.53.

Olympia Financial Group Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 29th will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, August 20th. This represents a c) dividend on an annualized basis and a yield of 5.7%. Olympia Financial Group’s dividend payout ratio is presently 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.