E-L Financial (TSE:ELF) Stock Crosses Below 50-Day Moving Average – Time to Sell?

E-L Financial Co. Limited (TSE:ELFGet Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$16.96 and traded as low as C$16.90. E-L Financial shares last traded at C$16.96, with a volume of 27,929 shares traded.

E-L Financial Price Performance

The firm has a market capitalization of C$5.87 billion, a P/E ratio of 5.15 and a beta of 1.37. The firm has a 50 day moving average price of C$16.96 and a 200-day moving average price of C$16.90. The company has a current ratio of 1.41, a quick ratio of 2.70 and a debt-to-equity ratio of 6.83.

E-L Financial (TSE:ELFGet Free Report) last posted its quarterly earnings data on Thursday, May 14th. The insurance provider reported C$0.09 earnings per share for the quarter. E-L Financial had a net margin of 43.93% and a return on equity of 13.43%. The business had revenue of C$524.00 million for the quarter. On average, analysts expect that E-L Financial Co. Limited will post 0.25 earnings per share for the current year.

E-L Financial Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Friday, July 17th were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.16 annualized dividend and a yield of 0.9%. E-L Financial’s dividend payout ratio (DPR) is presently 4.86%.

Insider Activity at E-L Financial

In other E-L Financial news, insider E-L Financial Corporation Limited bought 6,400 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were purchased at an average price of C$17.11 per share, with a total value of C$109,504.00. Following the completion of the purchase, the insider owned 142,600 shares in the company, valued at C$2,439,886. This represents a 4.70% increase in their position. Insiders purchased a total of 13,300 shares of company stock worth $226,870 over the last quarter. Corporate insiders own 57.79% of the company’s stock.

E-L Financial Company Profile

(Get Free Report)

E-L Financial Corp Ltd operates as an investment and insurance holding company. The firm organizes itself into two segments namely E-L Corporate and Empire Life. The Empire Life operating segment underwrites life and health insurance policies and provides segregated funds, mutual funds, and annuity products whereas, the E-L Corporate segment operations include the oversight of investments in global equities held through holdings of common shares, investment funds, closed-end investment companies, and other private companies.

Further Reading

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