E-L Financial (TSE:ELF) Insider E-L Financial Corporation Limited Buys 2,000 Shares

Key Points

• E-L Financial Corporation Limited purchased 2,000 shares at an average C$16.99 per share, investing C$33,980 and increasing its direct ownership by 2.29% to 89,500 shares.
• The insider made several additional purchases in late July, bringing the reported buying activity to tens of thousands of shares at prices generally between C$16.82 and C$16.99.
• ELF shares traded near C$16.89, while the company reported C$0.09 quarterly EPS and C$524 million in revenue; its annualized dividend was C$0.16 per share, yielding about 0.9%.

E-L Financial Co. Limited (TSE:ELF - Get Free Report) insider E-L Financial Corporation Limited purchased 2,000 shares of the business's stock in a transaction dated Friday, July 24th. The stock was bought at an average price of C$16.99 per share, with a total value of C$33,980.00. Following the acquisition, the insider directly owned 89,500 shares in the company, valued at approximately C$1,520,605. This represents a 2.29% increase in their ownership of the stock.

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 purchased at an average cost 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 shares were acquired at an average price of C$16.82 per share, with a total value of C$134,560.00.
• On Monday, July 27th, E-L Financial Corporation Limited bought 1,300 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$22,048.00.
• On Tuesday, July 28th, E-L Financial Corporation Limited bought 200 shares of E-L Financial stock. The shares were bought at an average price of C$16.94 per share, for a total transaction of C$3,388.00.
• On Wednesday, July 29th, E-L Financial Corporation Limited purchased 2,400 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$40,704.00.
• On Thursday, July 30th, E-L Financial Corporation Limited purchased 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 acquired 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 acquired 6,400 shares of E-L Financial stock. The stock was bought at an average price of C$17.11 per share, for a total transaction of C$109,504.00.
• On Thursday, May 28th, E-L Financial Corporation Limited acquired 1,200 shares of E-L Financial stock. The shares were 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 acquired 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 Price Performance

ELF stock traded down C$0.10 during trading on Thursday, hitting C$16.89. The stock had a trading volume of 19,329 shares, compared to its average volume of 53,315. The company's 50 day moving average price is C$16.94 and its two-hundred day moving average price is C$16.90. E-L Financial Co. Limited has a 1-year low of C$14.31 and a 1-year high of C$18.97. The stock has a market cap of C$5.85 billion, a price-to-earnings ratio of 5.13 and a beta of 1.37. 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 released its quarterly earnings results on Thursday, May 14th. The insurance provider reported C$0.09 earnings per share (EPS) for the quarter. The company had revenue of C$524.00 million for the quarter. E-L Financial had a net margin of 43.93% and a return on equity of 13.43%. On average, sell-side analysts forecast that E-L Financial Co. Limited will post 0.25 EPS for the current fiscal year.

E-L Financial Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Friday, July 17th were given a dividend of $0.04 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.9%. E-L Financial's dividend payout ratio (DPR) is 4.86%.

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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