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

E-L Financial Co. Limited (TSE:ELF) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$1,389.74 and traded as high as C$1,395.00. E-L Financial shares last traded at C$1,395.00, with a volume of 356 shares traded.

E-L Financial Stock Up 1.5 %

The company has a debt-to-equity ratio of 6.71, a quick ratio of 2.70 and a current ratio of 2.38. The firm has a market capitalization of C$4.83 billion, a price-to-earnings ratio of 4.25 and a beta of 0.85. The firm has a fifty day moving average price of C$1,389.74 and a 200 day moving average price of C$1,309.45.

E-L Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were given a dividend of $3.75 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $15.00 annualized dividend and a dividend yield of 1.08%. E-L Financial’s payout ratio is currently 4.57%.

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.