E-L Financial (TSE:ELF) Share Price Crosses Below 50-Day Moving Average - Should You Sell?

Key Points

• E-L Financial shares slipped below their 50-day moving average, trading as low as C$16.90 and last changing hands at C$16.96, down about 0.2% on the day.
• The company reported Q1 earnings of C$0.09 per share on C$524 million in revenue, with a strong net margin of 43.93% and return on equity of 13.43%; analysts expect full-year EPS of 0.25.
• E-L Financial recently paid a quarterly dividend of C$0.04 per share, equal to an annualized yield of about 0.9%, while insiders also bought shares in recent months.

E-L Financial Co. Limited (TSE:ELF - Get Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$16.96 and traded as low as C$16.90. E-L Financial shares last traded at C$16.96, with a volume of 27,929 shares trading hands.

E-L Financial Stock Down 0.2%

The stock has a fifty day moving average price of C$16.96 and a 200-day moving average price of C$16.90. The firm has a market cap of C$5.87 billion, a PE ratio of 5.16 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 posted its quarterly earnings results on Thursday, May 14th. The insurance provider reported C$0.09 EPS for the quarter. The firm 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%. Research analysts expect that E-L Financial Co. Limited will post 0.25 EPS for the current year.

E-L Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Friday, July 17th were paid 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 dividend payout ratio (DPR) is currently 4.86%.

Insider Buying and Selling at E-L Financial

In other E-L Financial news, insider E-L Financial Corporation Limited bought 6,400 shares of E-L Financial stock in a transaction that occurred on Wednesday, May 27th. The shares were acquired at an average price of C$17.11 per share, for a total transaction of C$109,504.00. Following the acquisition, the insider owned 142,600 shares of the company's stock, valued at C$2,439,886. The trade was a 4.70% increase in their position. In the last quarter, insiders have acquired 13,300 shares of company stock worth $226,870. Insiders own 57.79% of the company's stock.

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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