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

Key Points

• Olympia Financial Group shares rose 0.4% to C$107.93, with trading volume 40% above its average.
• Fundamental Research maintained a Buy rating and set a C$166.48 price target; this is the consensus rating and target cited in the article.
• The company paid a monthly dividend of C$0.50 per share, equivalent to C$6.00 annually and a 5.6% yield.

Olympia Financial Group Inc. (TSE:OLY - Get Free Report)'s share price was up 0.4% on Monday. The company traded as high as C$107.97 and last traded at C$107.93. 3,441 shares changed hands during mid-day trading, an increase of 40% from the average daily 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 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 MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$166.48.

Olympia Financial Group Stock Performance

The stock has a 50-day moving average of C$102.05 and a 200 day moving average of C$110.22. 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 stock has a market capitalization of C$259.68 million, a price-to-earnings ratio of 14.20 and a beta of 0.03.

Olympia Financial Group (TSE:OLY - Get Free Report) last released its earnings results on Thursday, August 13th. The health services provider reported C$1.53 earnings per share (EPS) for the quarter. Olympia Financial Group had a net margin of 17.31% and a return on equity of 35.11%. The company had revenue of C$21.43 million for the quarter. On average, analysts expect that Olympia Financial Group Inc. will post 3.06 EPS for the current year.

Olympia Financial Group Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Investors of record on Friday, October 30th were issued a $0.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Wednesday, October 21st. Olympia Financial Group's dividend payout ratio is currently 92.11%.

Insider Activity

In other news, Director Brian Ross Newman sold 500 shares of the company's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of C$103.50, for a total value of C$51,750.00. Following the completion of the sale, the director directly owned 300 shares of the company's stock, valued at C$31,050. This represents a 62.50% decrease in their position. In the last three months, insiders sold 1,000 shares of company stock worth $103,800. 34.63% of the stock is currently 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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