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 for the quarter, FiscalAI reports. Olympia Financial Group had a return on equity of 35.11% and a net margin of 17.31%. The firm had revenue of C$20.67 million during the quarter.

Olympia Financial Group Stock Performance

OLY traded up C$1.97 during trading on Friday, reaching C$108.78. The company’s stock had a trading volume of 872 shares, compared to its average volume of 2,422. The company has a debt-to-equity ratio of 22.31, a quick ratio of 1.59 and a current ratio of 57.49. The company’s fifty day moving average price is C$102.69 and its 200-day moving average price is C$110.10. Olympia Financial Group has a 52-week low of C$86.65 and a 52-week high of C$125.93. The company has a market capitalization of C$261.72 million, a price-to-earnings ratio of 14.31 and a beta of 0.03.

Olympia Financial Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Director Brian Ross Newman sold 500 shares of the firm’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 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 trade represents a 62.50% decrease in their position. Over the last ninety days, insiders sold 1,000 shares of company stock worth $103,800. Corporate 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”.