Olympia Financial Group (TSE:OLY) Shares Up 0.4% - Here's What Happened

Key Points

• Olympia Financial Group shares rose 0.4% to C$106.50 in light trading, with 278 shares changing hands versus an average volume of 2,451 shares.
• Fundamental Research assigned the stock a “Buy” rating and a C$166.48 price target, implying substantial upside from its recent price.
• The company declared a monthly dividend of C$0.50, equating to C$6.00 annually and a 5.6% yield; its latest quarter included C$1.53 in EPS and C$21.43 million in revenue.

Shares of Olympia Financial Group Inc. (TSE:OLY - Get Free Report) were up 0.4% on Wednesday. The company traded as high as C$106.99 and last traded at C$106.50. 278 shares changed hands during trading, a decline of 89% from the average session volume of 2,451 shares. The stock had previously closed at C$106.10.

Analyst Upgrades and Downgrades

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 research report on Wednesday, August 26th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of C$166.48.

Olympia Financial Group Stock Up 0.4%

The company has a market cap of C$256.24 million, a price-to-earnings ratio of 14.01 and a beta of 0.05. 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 50-day moving average price of C$99.65 and a 200 day moving average price of C$108.05.

Olympia Financial Group (TSE:OLY - Get Free Report) last released 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 return on equity of 35.11% and a net margin of 17.31%.The business had revenue of C$21.43 million during the quarter. Sell-side analysts predict that Olympia Financial Group Inc. will post 3.06 EPS for the current year.

Olympia Financial Group Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 30th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, October 21st. This represents a $6.00 annualized dividend and a dividend yield of 5.6%. Olympia Financial Group's dividend payout ratio is 92.11%.

Insiders Place Their Bets

In other Olympia Financial Group news, Director Brian Ross Newman sold 300 shares of the business's stock in a transaction dated 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 ninety days, insiders have sold 1,000 shares of company stock valued at $103,800. 34.63% of the stock is owned by insiders.

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".

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