Olympia Financial Group (TSE:OLY) Trading Down 0.3% – Here’s Why

Olympia Financial Group Inc. (TSE:OLY) shares were down 0.3% during mid-day trading on Wednesday . The stock traded as low as C$119.41 and last traded at C$119.85. Approximately 719 shares were traded during trading, a decline of 66% from the average daily volume of 2,119 shares. The stock had previously closed at C$120.20.

Analyst Ratings Changes

Separately, Fundamental Research set a C$167.49 price objective on shares of Olympia Financial Group and gave the company a “buy” rating in a report on Tuesday, March 17th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$167.49.

Olympia Financial Group Stock Performance

The company has a market cap of C$294.40 million, a PE ratio of 14.83 and a beta of 0.32. The company has a debt-to-equity ratio of 13.18, a quick ratio of 1.59 and a current ratio of 180.32. The firm’s 50 day moving average is C$119.74 and its 200-day moving average is C$116.79.

Olympia Financial Group (TSE:OLY) last announced its quarterly earnings data on Saturday, February 28th. The health services provider reported C$1.83 EPS for the quarter. Olympia Financial Group had a return on equity of 45.15% and a net margin of 20.20%.The firm had revenue of C$24.11 million for the quarter. On average, research analysts anticipate that Olympia Financial Group Inc. will post 3.06 earnings per share for the current fiscal year.

Olympia Financial Group Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 30th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, April 21st. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. Olympia Financial Group’s dividend payout ratio is currently 87.27%.

Insider Activity

In other news, insider Neil Robert Mccullagh acquired 512 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was purchased at an average price of C$115.00 per share, with a total value of C$58,880.00. Following the completion of the acquisition, the insider owned 4,454 shares of the company’s stock, valued at C$512,210. This trade represents a 12.99% increase in their position. 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”.