Olympia Financial Group (TSE:OLY) Hits New 52-Week Low – Should You Sell?

Olympia Financial Group Inc. (TSE:OLY)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as C$86.95 and last traded at C$88.75, with a volume of 5062 shares. The stock had previously closed at C$91.50.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$166.48 price objective on shares of Olympia Financial Group and gave the company a “buy” rating in a research report on Wednesday, August 26th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$166.48.

Olympia Financial Group Trading Up 1.0%

The business’s 50 day moving average is C$102.42 and its two-hundred day moving average is C$111.20. The company has a quick ratio of 1.59, a current ratio of 57.49 and a debt-to-equity ratio of 22.31. The firm has a market capitalization of C$216.56 million, a P/E ratio of 11.84 and a beta of 0.11.

Olympia Financial Group (TSE:OLY) last announced its earnings results on Thursday, August 13th. The health services provider reported C$1.53 earnings per share (EPS) 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%. Analysts expect that Olympia Financial Group Inc. will post 3.06 EPS for the current year.

Olympia Financial Group Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 31st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a c) annualized dividend and a yield of 6.7%. Olympia Financial Group’s payout ratio is presently 92.11%.

Insiders Place Their Bets

In other news, Director Brian Ross Newman sold 300 shares of Olympia Financial Group stock in a transaction on Thursday, August 20th. The stock was sold at an average price of C$104.00, for a total transaction of C$31,200.00. Insiders sold 1,000 shares of company stock valued at $103,800 in the last three months. Corporate 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”.