E-L Financial (TSE:ELF) Share Price Passes Below 50-Day Moving Average – Should You Sell?

E-L Financial Co. Limited (TSE:ELF)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$17.03 and traded as low as C$15.61. E-L Financial shares last traded at C$15.76, with a volume of 99,072 shares traded.

E-L Financial Trading Down 0.2%

The company has a market capitalization of C$5.46 billion, a PE ratio of 4.36 and a beta of 1.32. The company’s 50 day moving average price is C$17.03 and its 200-day moving average price is C$16.67.

E-L Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 13th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 26.6%. 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. E-L Financial’s dividend payout ratio (DPR) is presently 4.28%.

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.