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

E-L Financial Co. Limited (TSE:ELF)’s stock price hit a new 52-week high during mid-day 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 trading hands. The stock had previously closed at C$19.57.

E-L Financial Stock Up 2.1%

The stock has a market cap of C$6.91 billion, a price-to-earnings ratio of 3.90 and a beta of 1.35. The business’s 50 day moving average is C$17.81 and its 200-day moving average is C$17.25. 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 (EPS) for the quarter. The business had revenue of C$2.53 billion for the quarter. E-L Financial had a net margin of 46.65% and a return on equity of 19.97%. 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 Dividend Announcement

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

Insider Buying and Selling at E-L Financial

In related news, insider E-L Financial Corporation Limited purchased 8,000 shares of E-L Financial stock in a transaction that occurred on Thursday, July 23rd. The stock was purchased at an average price of C$16.82 per share, for a total transaction of C$134,560.00. Following the transaction, the insider directly owned 87,500 shares in the company, valued at approximately C$1,471,750. This trade represents a 10.06% increase in their ownership of the stock. In the last three months, insiders have bought 36,900 shares of company stock worth $623,154. 57.79% of the stock is owned by corporate insiders.

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.