E-L Financial Corporation Limited Acquires 2,400 Shares of E-L Financial (TSE:ELF) Stock

Key Points

• E-L Financial Corporation Limited purchased 2,400 shares of E-L Financial at an average price of C$16.96, investing C$40,704 and increasing its stake 2.64% to 93,400 shares.
• The insider made several additional purchases in late July, including 8,000 shares on July 30 and 7,400 shares on July 31, indicating continued buying activity.
• E-L Financial shares fell 0.6% to C$16.89, while the company reported quarterly revenue of C$524 million and EPS of C$0.09. Its quarterly dividend equates to an annualized C$0.16 per share and a 0.9% yield.

E-L Financial Co. Limited (TSE:ELF - Get Free Report) insider E-L Financial Corporation Limited acquired 2,400 shares of the business's stock in a transaction on Wednesday, July 29th. The shares were purchased at an average cost of C$16.96 per share, for a total transaction of C$40,704.00. Following the completion of the transaction, the insider owned 93,400 shares in the company, valued at approximately C$1,584,064. This represents a 2.64% increase in their position.

E-L Financial Corporation Limited also recently made the following trade(s):

• On Wednesday, July 22nd, E-L Financial Corporation Limited bought 7,600 shares of E-L Financial stock. The shares were purchased at an average price of C$16.94 per share, for a total transaction of C$128,744.00.
• On Thursday, July 23rd, E-L Financial Corporation Limited bought 8,000 shares of E-L Financial stock. The stock was purchased at an average cost of C$16.82 per share, with a total value of C$134,560.00.
• On Friday, July 24th, E-L Financial Corporation Limited bought 2,000 shares of E-L Financial stock. The stock was purchased at an average price of C$16.99 per share, with a total value of C$33,980.00.
• On Monday, July 27th, E-L Financial Corporation Limited purchased 1,300 shares of E-L Financial stock. The stock was purchased at an average cost of C$16.96 per share, for a total transaction of C$22,048.00.
• On Tuesday, July 28th, E-L Financial Corporation Limited acquired 200 shares of E-L Financial stock. The stock was purchased at an average price of C$16.94 per share, with a total value of C$3,388.00.
• On Thursday, July 30th, E-L Financial Corporation Limited acquired 8,000 shares of E-L Financial stock. The shares were purchased at an average cost of C$16.88 per share, with a total value of C$135,040.00.
• On Friday, July 31st, E-L Financial Corporation Limited bought 7,400 shares of E-L Financial stock. The shares were acquired at an average price of C$16.85 per share, for a total transaction of C$124,690.00.
• On Wednesday, May 27th, E-L Financial Corporation Limited bought 6,400 shares of E-L Financial stock. The stock was acquired at an average cost of C$17.11 per share, for a total transaction of C$109,504.00.
• On Thursday, May 28th, E-L Financial Corporation Limited purchased 1,200 shares of E-L Financial stock. The stock was acquired at an average price of C$16.96 per share, with a total value of C$20,352.00.
• On Friday, May 29th, E-L Financial Corporation Limited purchased 5,700 shares of E-L Financial stock. The stock was acquired at an average price of C$17.02 per share, with a total value of C$97,014.00.

E-L Financial Stock Down 0.6%

TSE ELF traded down C$0.10 during trading hours on Thursday, reaching C$16.89. 19,329 shares of the company's stock traded hands, compared to its average volume of 53,315. E-L Financial Co. Limited has a 52-week low of C$14.31 and a 52-week high of C$18.97. The company has a debt-to-equity ratio of 6.83, a current ratio of 1.41 and a quick ratio of 2.70. The firm has a 50-day simple moving average of C$16.94 and a 200 day simple moving average of C$16.90. The firm has a market cap of C$5.85 billion, a PE ratio of 5.13 and a beta of 1.37.

E-L Financial (TSE:ELF - Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The insurance provider reported C$0.09 earnings per share for the quarter. E-L Financial had a net margin of 43.93% and a return on equity of 13.43%. The business had revenue of C$524.00 million for the quarter. Sell-side analysts anticipate that E-L Financial Co. Limited will post 0.25 EPS for the current fiscal year.

E-L Financial Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Friday, July 17th were paid a $0.04 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.16 annualized dividend and a dividend yield of 0.9%. E-L Financial's dividend payout ratio is presently 4.86%.

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.

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