E-L Financial (TSE:ELF) Posts Quarterly Earnings Results

E-L Financial (TSE:ELF) announced its quarterly earnings results on Thursday. The insurance provider reported C$0.56 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$628.86 million for the quarter. E-L Financial had a net margin of 46.65% and a return on equity of 19.97%.

E-L Financial Stock Performance

Shares of E-L Financial stock opened at C$20.05 on Friday. The company’s 50 day moving average price is C$18.58 and its two-hundred day moving average price is C$17.34. The firm has a market capitalization of C$6.93 billion, a P/E ratio of 3.92 and a beta of 1.34. E-L Financial has a fifty-two week low of C$15.41 and a fifty-two week high of C$20.44. The company has a debt-to-equity ratio of 8.68, a current ratio of 1.45 and a quick ratio of 2.70.

E-L Financial Announces Dividend

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

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.