E-L Financial (TSE:ELF) Shares Climb 3.1% – Here’s What Happened

E-L Financial Co. Limited (TSE:ELF) rose 3.1% during trading on Tuesday. The company traded as high as C$20.38 and last traded at C$20.09. 73,377 shares changed hands during trading, an increase of 55% from the average session volume of 47,267 shares. The stock had previously closed at C$19.49.

E-L Financial Price Performance

The stock has a market capitalization of C$6.94 billion, a PE ratio of 3.92 and a beta of 1.34. The company has a debt-to-equity ratio of 8.68, a current ratio of 1.45 and a quick ratio of 2.70. The firm’s 50 day simple moving average is C$18.47 and its 200 day simple moving average is C$17.32.

E-L Financial (TSE:ELF) last announced its quarterly earnings data on Friday, August 7th. The insurance provider reported C$2.85 earnings per share (EPS) for the quarter. E-L Financial had a net margin of 46.65% and a return on equity of 19.97%. The company had revenue of C$2.53 billion during the quarter. As a group, equities analysts forecast that E-L Financial Co. Limited will post 0.25 EPS for the current fiscal year.

E-L Financial Announces Dividend

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

About E-L Financial

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.