E-L Financial Corporation Limited Purchases 1,000 Shares of E-L Financial (TSE:ELF) Stock

Key Points

• E-L Financial Corporation Limited recently purchased 1,000 shares of its own stock at an average price of C$16.39, increasing its total holdings to 4,400 shares.
• The company announced a quarterly dividend of $0.04 per share, with an ex-dividend date of September 29th, resulting in an annualized dividend yield of 1.0%.
• E-L Financial stock experienced a trading increase of 1.2%, reaching C$16.32 per share, with the firm's market cap standing at C$5.65 billion.

E-L Financial Co. Limited (TSE:ELF - Get Free Report) insider E-L Financial Corporation Limited bought 1,000 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The stock was purchased at an average price of C$16.39 per share, for a total transaction of C$16,390.00. Following the completion of the transaction, the insider directly owned 4,400 shares of the company's stock, valued at C$72,116. This represents a 29.41% increase in their position.

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

• On Monday, September 8th, E-L Financial Corporation Limited acquired 1,000 shares of E-L Financial stock. The stock was purchased at an average cost of C$15.49 per share, for a total transaction of C$15,490.00.
• On Wednesday, September 10th, E-L Financial Corporation Limited purchased 1,000 shares of E-L Financial stock. The stock was bought at an average price of C$15.36 per share, for a total transaction of C$15,360.00.
• On Thursday, September 11th, E-L Financial Corporation Limited purchased 400 shares of E-L Financial stock. The stock was purchased at an average cost of C$15.54 per share, for a total transaction of C$6,216.00.
• On Monday, September 15th, E-L Financial Corporation Limited purchased 1,000 shares of E-L Financial stock. The shares were bought at an average price of C$16.41 per share, for a total transaction of C$16,410.00.
• On Tuesday, September 16th, E-L Financial Corporation Limited purchased 900 shares of E-L Financial stock. The shares were purchased at an average cost of C$16.42 per share, with a total value of C$14,778.00.
• On Wednesday, September 17th, E-L Financial Corporation Limited purchased 300 shares of E-L Financial stock. The shares were acquired at an average cost of C$16.46 per share, with a total value of C$4,938.00.

E-L Financial Trading Up 1.2%

ELF traded up C$0.20 during midday trading on Friday, hitting C$16.32. 7,770 shares of the company were exchanged, compared to its average volume of 53,341. E-L Financial Co. Limited has a 1-year low of C$11.77 and a 1-year high of C$18.19. The firm has a market capitalization of C$5.65 billion, a price-to-earnings ratio of 4.82 and a beta of 1.26. The company's 50 day simple moving average is C$15.45 and its 200 day simple moving average is C$541.11.

E-L Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 17th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, September 29th. E-L Financial's dividend payout ratio is presently 4.50%.

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.

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