Olympia Financial Group (TSE:OLY) Shares Down 0.9% – What’s Next?

Shares of Olympia Financial Group Inc. (TSE:OLY) dropped 0.9% during mid-day trading on Tuesday . The stock traded as low as C$114.83 and last traded at C$114.86. Approximately 1,453 shares were traded during trading, a decline of 44% from the average daily volume of 2,584 shares. The stock had previously closed at C$115.95.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$166.83 price objective on shares of Olympia Financial Group and gave the stock a “buy” rating in a report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Olympia Financial Group presently has a consensus rating of “Buy” and a consensus price target of C$166.83.

Olympia Financial Group Trading Down 0.9%

The firm has a market cap of C$276.35 million, a P/E ratio of 12.88 and a beta of 0.06. The company has a debt-to-equity ratio of 6.00, a quick ratio of 1.59 and a current ratio of 3.32. The firm has a fifty day moving average of C$113.88 and a 200-day moving average of C$119.77.

Olympia Financial Group (TSE:OLY) last posted its earnings results on Thursday, November 13th. The health services provider reported C$1.93 earnings per share (EPS) for the quarter. The company had revenue of C$23.80 million for the quarter. Olympia Financial Group had a return on equity of 64.95% and a net margin of 23.82%. Equities research analysts forecast that Olympia Financial Group Inc. will post 3.06 earnings per share for the current year.

Olympia Financial Group Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.60 per share. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Thursday, December 18th. Olympia Financial Group’s payout ratio is presently 80.72%.

Insider Buying and Selling

In other news, Director Anthony Lanzl sold 1,500 shares of Olympia Financial Group stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of C$114.00, for a total transaction of C$171,000.00. Following the sale, the director owned 5,571 shares of the company’s stock, valued at approximately C$635,094. The trade was a 21.21% decrease in their ownership of the stock. In the last ninety days, insiders have bought 1,000 shares of company stock valued at $114,905 and have sold 2,500 shares valued at $284,640. Company insiders own 34.63% of the company’s stock.

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”.