Olympia Financial Group (TSE:OLY) Trading Down 0.3% - What's Next?

Key Points

• Shares traded down 0.3% to C$119.85 on Wednesday with only 719 shares changing hands, about 66% below average volume, indicating light trading activity.
• Fundamental Research set a C$167.49 price target and a Buy rating (MarketBeat average PT C$167.49), implying significant upside from the current price.
• Olympia pays a monthly dividend of $0.60 (ex-dividend Apr 21) for a 6.0% yield

Olympia Financial Group Inc. (TSE:OLY - Get Free Report) shares dropped 0.3% during 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.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$167.49 price target on Olympia Financial Group and gave the stock a "buy" rating in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Olympia Financial Group has an average rating of "Buy" and an average price target of C$167.49.

Olympia Financial Group Stock Performance

The stock has a market capitalization of C$288.36 million, a PE ratio of 14.53 and a beta of 0.32. The stock has a fifty day moving average of C$119.45 and a 200-day moving average of C$116.81. The company has a quick ratio of 1.59, a current ratio of 180.32 and a debt-to-equity ratio of 13.18.

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

Olympia Financial Group Dividend Announcement

The business also recently announced 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 is Tuesday, April 21st. This represents a c) dividend on an annualized basis and a yield of 6.0%. Olympia Financial Group's dividend payout ratio (DPR) is 87.27%.

Insider Transactions at Olympia Financial Group

In related news, insider Neil Robert Mccullagh bought 512 shares of the firm's stock in a transaction that occurred on Friday, February 6th. The stock was purchased at an average cost of C$115.00 per share, for a total transaction of C$58,880.00. Following the completion of the acquisition, the insider owned 4,454 shares in the company, valued at approximately C$512,210. This trade represents a 12.99% increase in their position. Company 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".

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