Olympia Financial Group (TSE:OLY) Releases Quarterly Earnings Results

Olympia Financial Group (TSE:OLY) issued its quarterly earnings results on Friday. The health services provider reported C$2.65 earnings per share (EPS) for the quarter, FiscalAI reports. Olympia Financial Group had a net margin of 17.31% and a return on equity of 35.11%. The company had revenue of C$20.67 million during the quarter.

Olympia Financial Group Stock Up 1.8%

TSE:OLY traded up C$1.97 during trading hours on Friday, reaching C$108.78. 872 shares of the company traded hands, compared to its average volume of 2,422. The business’s 50-day moving average price is C$102.99 and its two-hundred day moving average price is C$110.07. The stock has a market capitalization of C$261.72 million, a P/E ratio of 14.31 and a beta of 0.03. Olympia Financial Group has a 1 year low of C$86.65 and a 1 year high of C$125.93. The company has a current ratio of 57.49, a quick ratio of 1.59 and a debt-to-equity ratio of 22.31.

Olympia Financial Group Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 30th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, November 19th. This represents a $6.00 dividend on an annualized basis and a yield of 5.5%. Olympia Financial Group’s payout ratio is presently 92.11%.

Analysts Set New Price Targets

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 note on Wednesday, August 26th. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, Olympia Financial Group currently has a consensus rating of “Buy” and a consensus target price of C$166.48.

Insider Buying and Selling

In other news, Director Brian Ross Newman sold 300 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of C$104.00, for a total value of C$31,200.00. Insiders sold 1,000 shares of company stock valued at $103,800 over the last 90 days. 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”.