Olympia Financial Group (TSE:OLY) Stock Price Down 1.1% – Should You Sell?

Olympia Financial Group Inc. (TSE:OLY)’s stock price dropped 1.1% during trading on Monday . The company traded as low as C$117.00 and last traded at C$117.00. Approximately 2,689 shares changed hands during mid-day trading, an increase of 22% from the average daily volume of 2,202 shares. The stock had previously closed at C$118.27.

Analyst Ratings Changes

Separately, Fundamental Research set a C$177.66 price objective on shares of Olympia Financial Group and gave the company a “buy” rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$177.66.

Olympia Financial Group Stock Performance

The stock has a fifty day moving average price of C$120.87 and a 200 day moving average price of C$119.17. 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 firm has a market cap of C$281.50 million, a price-to-earnings ratio of 12.17 and a beta of 0.24.

Olympia Financial Group Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 28th will be given a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. Olympia Financial Group’s dividend payout ratio (DPR) is currently 74.92%.

About Olympia Financial Group

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.