E-L Financial (TSE:ELF) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

E-L Financial Co. Limited (TSE:ELF) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$17.16 and traded as high as C$17.65. E-L Financial shares last traded at C$17.30, with a volume of 23,305 shares trading hands.

E-L Financial Stock Performance

The stock has a market capitalization of C$5.98 billion, a price-to-earnings ratio of 3.38 and a beta of 1.37. The company has a current ratio of 1.45, a quick ratio of 2.70 and a debt-to-equity ratio of 8.68. The stock’s 50 day moving average is C$17.16 and its two-hundred day moving average is C$16.90.

E-L Financial (TSE:ELF) last released its quarterly earnings results on Friday, August 7th. The insurance provider reported C$2.85 earnings per share (EPS) for the quarter. The firm had revenue of C$2.53 billion for the quarter. E-L Financial had a return on equity of 19.97% and a net margin of 46.65%. Analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Friday, July 17th were issued a dividend of $0.04 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.9%. E-L Financial’s dividend payout ratio (DPR) is presently 3.12%.

Insider Transactions at E-L Financial

In other news, insider E-L Financial Corporation Limited bought 7,400 shares of the business’s stock in a transaction on Friday, July 31st. The shares were purchased at an average price of C$16.85 per share, for a total transaction of C$124,690.00. Following the purchase, the insider owned 7,400 shares of the company’s stock, valued at approximately C$124,690. The trade was a ? increase in their position. Over the last quarter, insiders purchased 36,900 shares of company stock valued at $623,154. 57.79% of the stock is currently owned by company 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.