E-L Financial (TSE:ELF) Insider Buys 7,600 Shares of Stock

Key Points

• Insider buying increased: E-L Financial Corporation purchased 7,600 shares at an average C$16.94 per share, raising its ownership to 79,500 shares valued at approximately C$1.35 million. The company also made several additional purchases in late July and May.
• Shares traded near C$16.89: E-L Financial’s stock was below its 50-day and 200-day moving averages, with a market capitalization of approximately C$5.85 billion and a P/E ratio of 5.13.
• Dividend was reduced: The company paid a quarterly dividend of C$0.04, equivalent to C$0.16 annually and a 0.9% yield, with a 4.86% payout ratio.

E-L Financial Co. Limited (TSE:ELF - Get Free Report) insider E-L Financial Corporation Limited bought 7,600 shares of the company's stock in a transaction on Wednesday, July 22nd. The shares were purchased at an average cost of C$16.94 per share, for a total transaction of C$128,744.00. Following the transaction, the insider owned 79,500 shares in the company, valued at approximately C$1,346,730. This represents a 10.57% increase in their ownership of the stock.

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

• On Thursday, July 23rd, E-L Financial Corporation Limited bought 8,000 shares of E-L Financial stock. The stock was acquired at an average price of C$16.82 per share, for a total transaction 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 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 purchased 1,300 shares of E-L Financial stock. The shares were acquired at an average cost of C$16.96 per share, with a total value 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 acquired 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 stock was acquired 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 bought 8,000 shares of E-L Financial stock. The shares were acquired 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 purchased 6,400 shares of E-L Financial stock. The stock was 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 purchased 1,200 shares of E-L Financial stock. The stock was bought at an average cost of C$16.96 per share, for a total transaction of C$20,352.00.
• On Friday, May 29th, E-L Financial Corporation Limited purchased 5,700 shares of E-L Financial stock. The shares were bought at an average price of C$17.02 per share, with a total value of C$97,014.00.

E-L Financial Stock Performance

TSE ELF traded down C$0.10 during trading hours on Thursday, reaching C$16.89. 19,329 shares of the company were exchanged, compared to its average volume of 53,315. E-L Financial Co. Limited has a 1 year low of C$14.31 and a 1 year high of C$18.97. The business's 50 day simple moving average is C$16.94 and its 200-day simple moving average is C$16.90. The company has a quick ratio of 2.70, a current ratio of 1.41 and a debt-to-equity ratio of 6.83. The stock has a market capitalization of C$5.85 billion, a P/E ratio of 5.13 and a beta of 1.37.

E-L Financial (TSE:ELF - Get Free Report) last released its earnings results 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 firm had revenue of C$524.00 million for the quarter. On average, equities research analysts expect that E-L Financial Co. Limited will post 0.25 earnings per share for the current 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 issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, June 30th. E-L Financial's 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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