E-L Financial (TSE:ELF) Reaches New 12-Month High – Still a Buy?

E-L Financial Co. Limited (TSE:ELF) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$1,555.00 and last traded at C$1,555.00, with a volume of 1185 shares traded. The stock had previously closed at C$1,490.00.

E-L Financial Stock Up 4.4 %

The company has a market capitalization of C$5.38 billion, a price-to-earnings ratio of 2.92 and a beta of 0.85. The stock has a 50 day simple moving average of C$1,402.14 and a 200 day simple moving average of C$1,371.05.

E-L Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were paid a dividend of $3.75 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $15.00 dividend on an annualized basis and a yield of 0.96%. E-L Financial’s payout ratio is currently 2.81%.

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.