Olympia Financial Group Inc. Insider Selling Report

On March 28th, 2023, Neil Robert Mccullagh, a Senior Officer at Olympia Financial Group Inc. (TSE:OLY - Get Free Report), sold 2,376 shares of the company's stock. This transaction took place at an average price of C$105.67 per share, resulting in a total sale value of C$251,075.48.

Market Activity of Olympia Financial Group

Following the transaction, shares of Olympia Financial Group experienced a slight decline of 0.8%, trading down C$0.87 during midday on the following Monday, bringing the share price to C$102.31. The trading volume for that day was 242 shares, which is considerably lower than its average volume of 1,780 shares. The company's stock has seen a yearly low of C$89.90 and a yearly high of C$114.34, showcasing some volatility in its price. Currently, the 50-day and 200-day simple moving averages are at C$107.63 and C$104.23, respectively. Olympia Financial Group's market capitalization stands at C$246.19 million, reflecting a PE ratio of 10.07 and a beta of 0.27. Financial metrics indicate a quick ratio of 1.59, a current ratio of 3.32, and a debt-to-equity ratio of 6.00.

Dividend Announcement from Olympia Financial Group

In additional news, Olympia Financial Group has announced a monthly dividend, set to be paid on March 31st. Shareholders on record as of that date will receive a dividend of C$0.60 per share. This dividend translates to an annualized figure of C$7.20 and represents a yield of 7.04%. The ex-dividend date for this payment is March 20th, and the company currently has a dividend payout ratio of 70.86%.

Analysts and Price Target Update

In a separate update, Fundamental Research provided a new target price of C$143.52 for Olympia Financial Group, coupled with a "buy" rating in their latest research note issued on March 11th.

Overview of Olympia Financial Group Inc.

Olympia Financial Group Inc. offers a range of financial services. Its operations are divided into several key segments. The Private Health Services Plan division sells and administers health and dental benefits specifically aimed at business owners. The Investment Account Services division specializes in the administration of registered accounts. Meanwhile, the Currency and Global Payments division provides tailored services for the buying and selling of foreign currencies, catering to both corporations and private clients. Additionally, the Exempt Edge division focuses on onboarding fees, while its Corporate and Shareholder Services division acts as a cost center for corporate undertakings.

insider, selling, financial, stocks, dividend