E-L Financial (TSE:ELF) Stock Passes Above Fifty Day Moving Average – Time to Sell?

E-L Financial Co. Limited (TSE:ELF)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$17.00 and traded as high as C$17.92. E-L Financial shares last traded at C$17.75, with a volume of 24,196 shares trading hands.

E-L Financial Stock Up 0.1%

The stock has a market cap of C$6.14 billion, a price-to-earnings ratio of 3.47 and a beta of 1.37. The business’s 50 day moving average is C$17.01 and its 200-day moving average is C$16.88. 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 data on Friday, August 7th. The insurance provider reported C$2.85 earnings per share for the quarter. E-L Financial had a net margin of 54.16% and a return on equity of 19.94%. The company had revenue of C$2.53 billion during the quarter. On average, sell-side analysts predict that E-L Financial Co. Limited will post 0.25 EPS for the current fiscal year.

E-L Financial Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Friday, July 17th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Tuesday, June 30th. E-L Financial’s dividend payout ratio is 3.12%.

Insiders Place Their Bets

In other news, insider E-L Financial Corporation Limited acquired 8,000 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were bought at an average cost of C$16.88 per share, for a total transaction of C$135,040.00. Following the acquisition, the insider owned 101,400 shares in the company, valued at approximately C$1,711,632. This represents a 8.57% increase in their position. Over the last 90 days, insiders have bought 50,200 shares of company stock valued at $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.