E-L Financial (TSE:ELF – Get Free Report) released its quarterly earnings data on Friday. The insurance provider reported C$2.85 earnings per share for the quarter, FiscalAI reports. E-L Financial had a return on equity of 13.43% and a net margin of 43.93%.The company had revenue of C$2.53 billion for the quarter.
E-L Financial Price Performance
Shares of TSE ELF traded up C$0.85 during midday trading on Friday, reaching C$17.79. 85,119 shares of the company traded hands, compared to its average volume of 53,617. E-L Financial has a 12 month low of C$14.31 and a 12 month high of C$18.97. The company has a debt-to-equity ratio of 6.83, a quick ratio of 2.70 and a current ratio of 1.41. The stock’s 50-day simple moving average is C$16.94 and its 200-day simple moving average is C$16.89. The firm has a market cap of C$6.16 billion, a PE ratio of 5.41 and a beta of 1.37.
E-L Financial Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Friday, July 17th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.9%. E-L Financial’s dividend payout ratio (DPR) is presently 4.86%.
More E-L Financial News
- Positive Sentiment: Quarterly results were strong. E-L Financial reported C$2.85 in EPS and C$2.53 billion in revenue for the quarter. The company also posted a 13.43% return on equity and a 43.93% net margin, reinforcing the strength of its insurance and investment operations. E-L Financial quarterly earnings
- Positive Sentiment: Insider buying signals confidence. E-L Financial Corporation Limited purchased 36,900 shares in multiple transactions from July 22 through July 31, spending approximately C$623,154 at prices between C$16.82 and C$16.99. Repeated purchases near the current trading range may support the stock by suggesting management or an affiliated investor views the shares as attractively valued. E-L Financial insider buying report
- Neutral Sentiment: One circulated Q2 article may concern a different company. The discussion of brand expansion and pricing strategy appears more consistent with e.l.f. Beauty than with E-L Financial, whose business is focused on insurance and investments. Investors should not use that article to evaluate TSX: ELF without confirming the company identity. ELF Q2 deep dive article
- Negative Sentiment: Dividend-related news is a potential headwind. The company declared a quarterly dividend of $0.04 per share, equivalent to a 0.9% annualized yield. The modest income return and reported dividend reduction may limit the stock’s appeal to income-focused investors, although the 4.86% payout ratio leaves substantial earnings available for the business.
Insider Activity
In other news, insider E-L Financial Corporation Limited purchased 7,400 shares of E-L Financial stock in a transaction on Friday, July 31st. The shares were purchased at an average cost of C$16.85 per share, for a total transaction of C$124,690.00. Following the completion of the transaction, the insider directly owned 7,400 shares in the company, valued at approximately C$124,690. This represents a ∞ increase in their ownership of the stock. In the last ninety days, insiders have bought 50,200 shares of company stock worth $850,024. Company insiders own 57.79% of the company’s stock.
E-L Financial Company Profile
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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