E-L Financial (TSE:ELF) Reaches New 52-Week High – What’s Next?

E-L Financial Co. Limited (TSE:ELF) reached a new 52-week high on Wednesday. The company traded as high as C$19.00 and last traded at C$18.89, with a volume of 15,582 shares changing hands. The stock had previously closed at C$18.63.

E-L Financial Stock Performance

The company has a debt-to-equity ratio of 8.68, a quick ratio of 2.70 and a current ratio of 1.45. The firm has a 50 day moving average price of C$17.73 and a two-hundred day moving average price of C$17.20. The company has a market capitalization of C$6.75 billion, a P/E ratio of 3.81 and a beta of 1.35.

E-L Financial (TSE:ELF) last posted its earnings results 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%. On average, research analysts expect that E-L Financial Co. Limited will post 0.25 earnings per share for the current fiscal year.

E-L Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 16th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, September 29th. E-L Financial’s payout ratio is currently 3.12%.

Insider Activity at E-L Financial

In other news, insider E-L Financial Corporation Limited bought 7,400 shares of the stock in a transaction dated Friday, July 31st. The shares were acquired at an average price of C$16.85 per share, with a total value of C$124,690.00. Following the acquisition, the insider owned 7,400 shares in the company, valued at C$124,690. This trade represents a ∞ increase in their ownership of the stock. In the last 90 days, insiders have acquired 36,900 shares of company stock valued at $623,154. 57.79% of the stock is currently owned by insiders.

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.