Olympia Financial Group (TSE:OLY) Stock Crosses Below 50 Day Moving Average - Here's Why

Olympia Financial Group Inc. (TSE:OLY - Get Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$107.63 and traded as low as C$103.11. Olympia Financial Group shares last traded at C$103.18, with a volume of 2,894 shares traded.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$143.52 target price on shares of Olympia Financial Group and gave the company a "buy" rating in a research note on Tuesday, March 11th.

Olympia Financial Group Price Performance

The firm has a market cap of C$256.28 million, a P/E ratio of 10.48 and a beta of 0.27. The stock's 50-day moving average is C$107.59 and its 200-day moving average is C$104.31. The company has a quick ratio of 1.59, a current ratio of 3.32 and a debt-to-equity ratio of 6.00.

Olympia Financial Group Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $7.20 annualized dividend and a dividend yield of 6.76%. Olympia Financial Group's payout ratio is 70.86%.

Insider Activity at Olympia Financial Group

In related news, Senior Officer Neil Robert Mccullagh sold 2,376 shares of the company's stock in a transaction on Friday, March 28th. The stock was sold at an average price of C$105.67, for a total value of C$251,075.48. Also, Director Anthony Lanzl sold 300 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of C$107.54, for a total value of C$32,262.00. Over the last 90 days, insiders sold 3,086 shares of company stock worth $326,955. Company insiders own 34.63% of the company's stock.

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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.