E-L Financial (TSE:ELF) Stock Passes Above 50-Day Moving Average - Should You Sell?

Key Points

• E-L Financial shares moved above their 50-day moving average, reaching C$17.94 before closing at C$17.55, compared with a 50-day average of C$17.08 and a 200-day average of C$16.88.
• The company reported C$2.85 in quarterly EPS on C$2.53 billion in revenue, with a 19.94% return on equity and 46.58% net margin. Its valuation included a C$6.07 billion market capitalization and a low price-to-earnings ratio of 3.43.
• Insiders have been buying shares, acquiring 50,200 shares over the past 90 days; insiders now own 57.79% of the company. E-L Financial’s quarterly dividend equates to C$0.16 annually, a 0.9% yield, following a dividend reduction.

E-L Financial Co. Limited (TSE:ELF - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$17.08 and traded as high as C$17.94. E-L Financial shares last traded at C$17.55, with a volume of 26,529 shares changing hands.

E-L Financial Stock Performance

The company has a debt-to-equity ratio of 8.68, a current ratio of 1.45 and a quick ratio of 2.70. The firm's 50 day moving average price is C$17.08 and its 200-day moving average price is C$16.88. The firm has a market cap of C$6.07 billion, a price-to-earnings ratio of 3.43 and a beta of 1.37.

E-L Financial (TSE:ELF - Get Free Report) last issued its earnings results on Friday, August 7th. The insurance provider reported C$2.85 EPS for the quarter. E-L Financial had a return on equity of 19.94% and a net margin of 46.58%.The firm had revenue of C$2.53 billion during the quarter. On average, analysts anticipate 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 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 annualized dividend 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 3.12%.

Insider Activity

In other E-L Financial news, insider E-L Financial Corporation Limited bought 8,000 shares of E-L Financial stock in a transaction dated Thursday, July 30th. The shares were bought at an average price of C$16.88 per share, with a total value of C$135,040.00. Following the purchase, the insider owned 101,400 shares of the company's stock, valued at C$1,711,632. This trade represents a 8.57% increase in their ownership of the stock. Over the last 90 days, insiders have bought 50,200 shares of company stock valued at $850,024. 57.79% of the stock is currently owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source