E-L Financial (TSE:ELF) Insider Acquires 8,000 Shares of Stock

Key Points

• E-L Financial insider E-L Financial Corporation Limited acquired 8,000 shares at an average price of C$16.82, investing C$134,560 and increasing its position by 10.06% to 87,500 shares.
• The insider made several additional purchases in July, bringing the reported July buying to 28,900 shares across multiple transactions at roughly C$16.85–C$16.99 per share.
• E-L Financial shares traded down 0.6% to C$16.89, while the company reported quarterly revenue of C$524 million and C$0.09 in EPS. Its quarterly dividend was reduced to C$0.04 per share, equivalent to a 0.9% annualized yield.

E-L Financial Co. Limited (TSE:ELF - Get Free Report) insider E-L Financial Corporation Limited acquired 8,000 shares of E-L Financial stock in a transaction dated Thursday, July 23rd. The shares were acquired at an average price of C$16.82 per share, with a total value of C$134,560.00. Following the transaction, the insider owned 87,500 shares in the company, valued at approximately C$1,471,750. This represents a 10.06% 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 stock was acquired at an average price of C$16.94 per share, for a total transaction of C$128,744.00.
• On Friday, July 24th, E-L Financial Corporation Limited bought 2,000 shares of E-L Financial stock. The shares were acquired at an average cost of C$16.99 per share, with a total value of C$33,980.00.
• On Monday, July 27th, E-L Financial Corporation Limited bought 1,300 shares of E-L Financial stock. The shares were acquired at an average price of C$16.96 per share, with a total value of C$22,048.00.
• On Tuesday, July 28th, E-L Financial Corporation Limited purchased 200 shares of E-L Financial stock. The stock was bought at an average cost of C$16.94 per share, for a total transaction of C$3,388.00.
• On Wednesday, July 29th, E-L Financial Corporation Limited acquired 2,400 shares of E-L Financial stock. The shares were bought at an average price of C$16.96 per share, with a total value of C$40,704.00.
• On Thursday, July 30th, E-L Financial Corporation Limited acquired 8,000 shares of E-L Financial stock. The shares were bought 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 stock was bought 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 shares were bought 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 bought 1,200 shares of E-L Financial stock. The shares were bought at an average cost 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 bought at an average price of C$17.02 per share, with a total value of C$97,014.00.

E-L Financial Trading Down 0.6%

Shares of TSE:ELF traded down C$0.10 during midday trading on Thursday, reaching C$16.89. The company had a trading volume of 19,329 shares, compared to its average volume of 53,315. The company has a fifty day simple moving average of C$16.94 and a two-hundred day simple moving average of C$16.90. The firm has a market cap of C$5.85 billion, a price-to-earnings ratio of 5.13 and a beta of 1.37. E-L Financial Co. Limited has a 1-year low of C$14.31 and a 1-year high of C$18.97. The company has a debt-to-equity ratio of 6.83, a quick ratio of 2.70 and a current ratio of 1.41.

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

E-L Financial Cuts Dividend

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