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

E-L Financial Co. Limited (TSE:ELF)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$17.11 and traded as low as C$15.72. E-L Financial shares last traded at C$15.81, with a volume of 51,125 shares traded.

E-L Financial Stock Up 0.8%

The firm has a 50 day moving average of C$17.10 and a two-hundred day moving average of C$16.65. The firm has a market capitalization of C$5.52 billion, a price-to-earnings ratio of 4.41 and a beta of 1.32.

E-L Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, March 13th were issued a dividend of $1.05 per share. This is a boost from E-L Financial’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Tuesday, March 3rd. This represents a $4.20 annualized dividend and a dividend yield of 26.3%. E-L Financial’s payout ratio is presently 4.28%.

About E-L Financial

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.