E-L Financial (TSE:ELF) Sets New 52-Week High – Time to Buy?

E-L Financial Co. Limited (TSE:ELF) shares reached a new 52-week high during trading on Tuesday. The company traded as high as C$20.00 and last traded at C$19.99, with a volume of 9,513 shares traded. The stock had previously closed at C$19.57.

E-L Financial Stock Down 1.7%

The firm’s 50-day simple moving average is C$17.91 and its 200 day simple moving average is C$17.31. The company has a market cap of C$6.84 billion, a P/E ratio of 3.86 and a beta of 1.35. The company has a debt-to-equity ratio of 8.68, a quick ratio of 2.70 and a current ratio of 1.45.

E-L Financial (TSE:ELF) last posted its quarterly earnings results on Friday, August 7th. The insurance provider reported C$2.85 earnings per share for the quarter. E-L Financial had a return on equity of 19.97% and a net margin of 46.65%. The company had revenue of C$2.53 billion for the quarter. On average, research analysts forecast that E-L Financial Co. Limited will post 0.25 earnings per share for the current fiscal year.

E-L Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Friday, October 16th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Tuesday, September 29th. E-L Financial’s dividend payout ratio is currently 3.12%.

Insiders Place Their Bets

In related news, insider E-L Financial Corporation Limited bought 8,000 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were purchased at an average price of C$16.88 per share, with a total value of C$135,040.00. Following the completion of the purchase, the insider owned 101,400 shares of the company’s stock, valued at C$1,711,632. This represents a 8.57% increase in their position. Insiders bought a total of 21,300 shares of company stock valued at $359,850 over the last quarter. Corporate insiders own 57.79% of the company’s stock.

E-L Financial Company Profile

E-L Financial operates as an investment and insurance holding company. In managing its operations, E-L Financial distinguishes between two operating segments, E-L Corporate and Empire Life. E-L Corporate represents investments in stocks and fixed income securities held directly and indirectly through closed-end investment companies and other investment companies. The investment strategy is to accumulate shareholder value through long-term capital appreciation and dividend and interest income from its investments.