E-L Financial (TSE:ELF) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Shares of E-L Financial Co. Limited (TSE:ELF) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$1,388.31 and traded as high as C$1,502.00. E-L Financial shares last traded at C$1,502.00, with a volume of 186 shares.

E-L Financial Price Performance

The company has a market capitalization of C$5.20 billion, a P/E ratio of 2.82 and a beta of 0.85. The stock’s 50 day moving average is C$1,388.31 and its 200-day moving average is C$1,356.38.

E-L Financial (TSE:ELF) last released its quarterly earnings results on Tuesday, November 12th. The insurance provider reported C$135.14 earnings per share (EPS) for the quarter. E-L Financial had a net margin of 33.27% and a return on equity of 23.62%. On average, equities research analysts anticipate that E-L Financial Co. Limited will post 0.25 EPS for the current year.

E-L Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were paid a $3.75 dividend. This represents a $15.00 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Tuesday, December 31st. E-L Financial’s payout ratio is currently 2.81%.

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.