E-L Financial (TSE:ELF) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

E-L Financial Co. Limited (TSE:ELF – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$16.96 and traded as high as C$16.98. E-L Financial shares last traded at C$16.88, with a volume of 30,233 shares traded.

E-L Financial Stock Performance

The stock’s 50 day moving average is C$16.96 and its two-hundred day moving average is C$16.91. The stock has a market capitalization of C$5.84 billion, a price-to-earnings ratio of 5.13 and a beta of 1.37. The company has a current ratio of 1.41, a quick ratio of 2.70 and a debt-to-equity ratio of 6.83.

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E-L Financial (TSE:ELF – Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The insurance provider reported C$0.09 earnings per share (EPS) for the quarter. The firm had revenue of C$524.00 million for the quarter. E-L Financial had a return on equity of 13.43% and a net margin of 43.93%. Analysts expect that E-L Financial Co. Limited will post 0.25 earnings per share for the current fiscal year.

E-L Financial Cuts Dividend

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

Insider Buying and Selling

In other news, insider E-L Financial Corporation Limited purchased 5,700 shares of E-L Financial stock in a transaction on Friday, May 29th. The stock was purchased at an average price of C$17.02 per share, with a total value of C$97,014.00. Following the transaction, the insider directly owned 5,700 shares in the company, valued at C$97,014. The trade was a ∞ increase in their position. In the last quarter, insiders purchased 13,300 shares of company stock valued at $226,870. Insiders own 57.79% of the company’s stock.

About E-L Financial

(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.

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