Olympia Financial Group (TSE:OLY) Shares Climb 0.4% – Here’s Why

Olympia Financial Group Inc. (TSE:OLY)’s share price traded up 0.4% during trading on Wednesday. The company traded as high as C$106.99 and last traded at C$106.50. Approximately 278 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 2,451 shares. The stock had previously closed at C$106.10.

Wall Street Analyst Weigh In

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

Olympia Financial Group Trading Down 0.8%

The company has a debt-to-equity ratio of 22.31, a current ratio of 57.49 and a quick ratio of 1.59. The firm has a market capitalization of C$255.16 million, a PE ratio of 13.95 and a beta of 0.05. The firm’s fifty day moving average is C$99.71 and its two-hundred day moving average is C$107.98.

Olympia Financial Group (TSE:OLY) last posted its quarterly earnings data on Thursday, August 13th. The health services provider reported C$1.53 earnings per share for the quarter. The business had revenue of C$21.43 million for the quarter. Olympia Financial Group had a return on equity of 35.11% and a net margin of 17.31%. On average, equities analysts predict that Olympia Financial Group Inc. will post 3.06 EPS for the current fiscal year.

Olympia Financial Group Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, October 21st. This represents a $6.00 annualized dividend and a dividend yield of 5.7%. Olympia Financial Group’s dividend payout ratio is presently 92.11%.

Insider Activity at Olympia Financial Group

In related news, Director Brian Ross Newman sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of C$104.00, for a total value of C$31,200.00. In the last 90 days, insiders have sold 1,000 shares of company stock worth $103,800. Corporate insiders own 34.63% of the company’s stock.

Olympia Financial Group Company Profile

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”.