E-L Financial (TSE:ELF) Sets New 52-Week High – What’s Next?

E-L Financial Co. Limited (TSE:ELF)’s share price hit a new 52-week high during trading on Friday . The company traded as high as C$18.48 and last traded at C$18.22, with a volume of 15771 shares changing hands. The stock had previously closed at C$17.37.

E-L Financial Price Performance

The stock has a market capitalization of C$6.30 billion, a price-to-earnings ratio of 5.03 and a beta of 1.39. The stock has a 50 day moving average price of C$16.74 and a 200-day moving average price of C$16.06.

Insider Activity

In other E-L Financial news, insider Maria Victoria Duncan Jackman bought 3,800 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was acquired at an average price of C$16.75 per share, with a total value of C$63,650.00. Following the completion of the acquisition, the insider directly owned 46,500 shares of the company’s stock, valued at C$778,875. This represents a 8.90% increase in their ownership of the stock. 57.79% of the stock is owned by insiders.

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.