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

Olympia Financial Group Inc. (TSE:OLY)’s stock price shot up 0.4% during trading on Monday. The stock traded as high as C$107.97 and last traded at C$107.93. 3,441 shares traded hands during trading, an increase of 40% from the average session volume of 2,457 shares. The stock had previously closed at C$107.55.

Analyst Ratings Changes

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

Olympia Financial Group Price Performance

The stock’s fifty day moving average price is C$102.28 and its 200-day moving average price is C$110.18. The firm has a market cap of C$259.37 million, a PE ratio of 14.18 and a beta of 0.03. The company has a debt-to-equity ratio of 22.31, a current ratio of 57.49 and a quick ratio of 1.59.

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

Olympia Financial Group Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 30th were paid a $0.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Wednesday, October 21st. Olympia Financial Group’s dividend payout ratio (DPR) is 92.11%.

Insider Buying and Selling at Olympia Financial Group

In other news, Director Brian Ross Newman sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of C$103.50, for a total transaction of C$51,750.00. Following the transaction, the director directly owned 300 shares in the company, valued at C$31,050. The trade was a 62.50% decrease in their position. In the last 90 days, insiders sold 1,000 shares of company stock worth $103,800. 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”.