E-L Financial (TSE:ELF) Hits New 52-Week High – Should You Buy?

E-L Financial Co. Limited (TSE:ELF) shares hit a new 52-week high during trading on Friday . The stock traded as high as C$18.97 and last traded at C$18.14, with a volume of 2605 shares traded. The stock had previously closed at C$18.03.

E-L Financial Price Performance

The company has a market capitalization of C$6.23 billion, a price-to-earnings ratio of 4.98 and a beta of 1.39. The business’s 50-day moving average price is C$16.87 and its two-hundred day moving average price is C$16.14.

Insider Buying and Selling at E-L Financial

In related news, insider Maria Victoria Duncan Jackman bought 3,800 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was purchased at an average cost of C$16.75 per share, for a total transaction of C$63,650.00. Following the transaction, the insider owned 46,500 shares in the company, valued at C$778,875. The trade was a 8.90% increase in their position. Insiders own 57.79% of the company’s stock.

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.