E-L Financial (TSE:ELF) Shares Pass 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 Tuesday . The stock has a 50 day moving average of C$17.02 and traded as low as C$16.76. E-L Financial shares last traded at C$16.84, with a volume of 22,351 shares traded.

E-L Financial Price Performance

The company has a debt-to-equity ratio of 6.83, a current ratio of 1.41 and a quick ratio of 2.70. The stock has a 50 day simple moving average of C$17.00 and a two-hundred day simple moving average of C$16.89. The company has a market cap of C$5.85 billion, a price-to-earnings ratio of 5.13 and a beta of 1.37.

E-L Financial (TSE:ELF) last posted its quarterly earnings results on Thursday, May 14th. The insurance provider reported C$0.09 EPS for the quarter. E-L Financial had a return on equity of 13.43% and a net margin of 43.93%.The business had revenue of C$524.00 million for the quarter. On average, equities research analysts predict that E-L Financial Co. Limited will post 0.25 earnings per share for the current fiscal year.

E-L Financial Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Friday, July 17th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.16 annualized dividend and a dividend yield of 0.9%. E-L Financial’s dividend payout ratio is 4.86%.

Insider Activity at E-L Financial

In other E-L Financial news, insider E-L Financial Corporation Limited acquired 5,700 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average cost of C$17.02 per share, for a total transaction of C$97,014.00. Following the completion of the acquisition, the insider owned 5,700 shares of the company’s stock, valued at approximately C$97,014. The trade was a ? increase in their position. Over the last 90 days, insiders have purchased 13,300 shares of company stock worth $226,870. 57.79% of the stock is currently owned by insiders.

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.