Fundamental Research has established a target price of C$166.83 for Olympia Financial Group (TSE:OLY), according to a research report released on Tuesday morning. The firm currently assigns a buy rating to the health services provider’s stock, suggesting confidence in its future performance.
Recent Price Performance
As of Tuesday, shares of TSE:OLY opened at C$113.69. The company holds a market capitalization of C$273.54 million and maintains a price-to-earnings ratio of 12.75. With a beta of 0.24, Olympia Financial Group demonstrates stability compared to broader market fluctuations.
The company’s 50-day and 200-day moving averages are C$115.63 and C$120.33, respectively. Olympia Financial Group has recorded a twelve-month low of C$97.40 and a high of C$134.24. These figures reflect the stock’s volatility and potential for growth.
Financial Highlights and Dividends
In its most recent quarterly earnings report on November 13, 2023, Olympia Financial Group announced earnings per share (EPS) of C$1.93 with a revenue of C$23.80 million. The company boasts a return on equity of 64.95% and a net margin of 23.82%, indicating efficient management and profitability. Analysts anticipate that the company will achieve an EPS of 3.06 for the current financial year.
Furthermore, Olympia Financial Group declared a monthly dividend of C$0.60 per share, which was paid on November 28, 2023. This dividend reflects an annualized yield of 6.3% and a payout ratio of 80.72%, highlighting the firm’s commitment to returning value to shareholders.
Insider Trading Activity
In a recent development concerning insider trading, Director Anthony Lanzl sold 1,500 shares of the company on November 19, 2023, at an average price of C$114.00, totaling C$171,000. Following this transaction, Lanzl retains 5,571 shares valued at approximately C$635,094, representing a decrease of 21.21% in his holdings. In the previous quarter, insiders purchased 1,000 shares valued at $114,905 while selling 2,500 shares for $284,640. Notably, corporate insiders own 34.63% of the company’s stock.
About Olympia Financial Group
Olympia Financial Group Inc. specializes in providing a range of financial services. Its operations are divided into several segments, including the Private Health Services Plan division, which markets and administers health and dental benefits; the Investment Account Services division, focusing on registered account management; and the Currency and Global Payments division, which offers personalized foreign currency services to clients. The company also has divisions dedicated to onboarding fees and corporate shareholder services.
The analysts’ target price and the recent financial performance underscore Olympia Financial Group’s potential for growth in a competitive market. As the company continues to navigate the financial landscape, its strategies and performance will be closely monitored by investors and analysts alike.
