E-L Financial (TSE:ELF) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

E-L Financial Co. Limited (TSE:ELF) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$17.22 and traded as low as C$17.11. E-L Financial shares last traded at C$17.16, with a volume of 30,235 shares trading hands.

E-L Financial Stock Performance

The company has a market capitalization of C$5.94 billion, a PE ratio of 3.35 and a beta of 1.38. The company has a 50 day moving average of C$17.22 and a two-hundred day moving average of C$16.90. 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 (TSE:ELF) last announced its quarterly earnings data on Friday, August 7th. The insurance provider reported C$2.85 EPS for the quarter. The business had revenue of C$2.53 billion during the quarter. E-L Financial had a return on equity of 19.97% and a net margin of 46.65%. As a group, equities research 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 business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Friday, July 17th were paid a $0.04 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.16 annualized dividend and a dividend yield of 0.9%. E-L Financial’s dividend payout ratio is presently 3.12%.

Insider Activity at E-L Financial

In related news, insider E-L Financial Corporation Limited purchased 7,400 shares of E-L Financial stock in a transaction dated Friday, July 31st. The stock was purchased at an average cost of C$16.85 per share, for a total transaction of C$124,690.00. Following the completion of the acquisition, the insider directly owned 7,400 shares of the company’s stock, valued at C$124,690. The trade was a ? increase in their ownership of the stock. Insiders acquired 36,900 shares of company stock valued at $623,154 over the last 90 days. Corporate 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.