E-L Financial (TSE:ELF) Stock Passes Below Fifty Day Moving Average - What's Next?

E-L Financial Co. Limited (TSE:ELF - Get Free Report)'s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$1,364.89 and traded as low as C$1,180.17. E-L Financial shares last traded at C$1,199.95, with a volume of 846 shares trading hands.

E-L Financial Stock Performance

The firm has a market capitalization of C$4.48 billion, a price-to-earnings ratio of 2.43 and a beta of 0.85. The company has a fifty day moving average of C$1,352.50 and a two-hundred day moving average of C$1,371.11.

E-L Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, April 17th were given a dividend of $3.75 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $15.00 dividend on an annualized basis and a dividend yield of 1.16%. E-L Financial's payout ratio is presently 2.81%.

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.