E-L Financial (TSE:ELF) Shares Cross Below 50 Day Moving Average – Here’s Why

E-L Financial Co. Limited (TSE:ELF) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$1,413.06 and traded as low as C$1,348.25. E-L Financial shares last traded at C$1,348.25, with a volume of 225 shares changing hands.

E-L Financial Stock Performance

The firm has a market capitalization of C$4.71 billion, a P/E ratio of 2.55 and a beta of 0.85. The stock has a fifty day moving average price of C$1,414.10 and a two-hundred day moving average price of C$1,378.05.

E-L Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were issued a $3.75 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $15.00 dividend on an annualized basis and a dividend yield of 1.10%. E-L Financial’s dividend payout ratio (DPR) is 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.