E-L Financial (TSE:ELF) Shares Cross Above Fifty Day Moving Average – Should You Sell?

E-L Financial Co. Limited (TSE:ELF) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$17.08 and traded as high as C$17.94. E-L Financial shares last traded at C$17.55, with a volume of 26,529 shares trading hands.

E-L Financial Trading Up 0.8%

The stock has a market cap of C$6.07 billion, a PE ratio of 3.43 and a beta of 1.37. The business’s fifty day moving average is C$17.08 and its 200 day moving average is C$16.88. The company has a quick ratio of 2.70, a current ratio of 1.45 and a debt-to-equity ratio of 8.68.

E-L Financial (TSE:ELF) last issued its earnings results 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 46.58% and a return on equity of 19.94%. The company had revenue of C$2.53 billion during the quarter. As a group, analysts predict that E-L Financial Co. Limited will post 0.25 earnings per share for the current year.

E-L Financial Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Friday, July 17th were issued a $0.04 dividend. 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 is currently 3.12%.

Insiders Place Their Bets

In other news, insider E-L Financial Corporation Limited acquired 8,000 shares of E-L Financial stock in a transaction that occurred on Thursday, July 30th. The stock was purchased at an average cost of C$16.88 per share, with a total value of C$135,040.00. Following the completion of the acquisition, the insider owned 101,400 shares in the company, valued at C$1,711,632. This trade represents a 8.57% increase in their position. Over the last ninety days, insiders purchased 50,200 shares of company stock valued at $850,024. Company insiders own 57.79% of the company’s stock.

E-L Financial Company Profile

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.