Fundamental Research has established a target price of C$166.83 for shares of Olympia Financial Group (TSE:OLY), according to a research report released on November 28, 2023. The firm has assigned a “buy” rating to the health services provider, reflecting confidence in its future performance.
Current Financial Performance
On the same day, Olympia Financial Group shares opened at C$113.69. The company boasts a market capitalization of C$273.54 million and a price-to-earnings ratio of 12.75. Its stock has demonstrated moderate volatility with a beta of 0.24. The 50-day moving average price stands at C$115.63, while the 200-day moving average is C$120.33.
In terms of liquidity, Olympia Financial Group has a quick ratio of 1.59 and a current ratio of 3.32, indicating a solid financial position. The company’s debt-to-equity ratio is relatively high at 6.00. Over the past year, the stock has fluctuated, reaching a low of C$97.40 and a high of C$134.24.
The firm recently disclosed its quarterly earnings, reporting earnings per share (EPS) of C$1.93 for the quarter ending November 13, 2023. Revenue for the period reached C$23.80 million, with a return on equity of 64.95% and a net margin of 23.82%. Analysts project that Olympia Financial Group will post an EPS of 3.06 for the full fiscal year.
Dividend Announcement and Insider Activity
In addition to its financial results, Olympia Financial Group announced a monthly dividend payment of C$0.60 per share, which was disbursed to shareholders on November 28, 2023. The ex-dividend date was November 19, 2023, and this dividend yields approximately 6.3% annually. The company’s payout ratio currently stands at 80.72%.
Recent insider trading activity included a sale by Director Anthony Lanzl, who sold 1,500 shares at an average price of C$114.00. This transaction totaled C$171,000 and resulted in a 21.21% decrease in Lanzl’s holdings, leaving him with 5,571 shares valued at approximately C$635,094. In the previous quarter, insiders purchased 1,000 shares worth C$114,905 and sold 2,500 shares valued at C$284,640. Currently, insiders own 34.63% of the company’s stock.
Olympia Financial Group Inc. operates in multiple financial services sectors, including a Private Health Services Plan division that markets health and dental benefits, an Investment Account Services division focusing on registered account administration, and a Currency and Global Payments division that offers tailored foreign currency services. Through its various divisions, the company aims to deliver comprehensive financial solutions to its clients.
