Insider Buying: E-L Financial (TSE:ELF) Insider Purchases 1,000 Shares of Stock

Key Points

• E-L Financial Corporation Limited's insider purchased 1,000 shares of the company's stock at C$15.36 per share, increasing their total ownership by 50% to 3,000 shares.
• The stock price of E-L Financial rose by 1.2% to C$16.32, with a market capitalization of C$5.65 billion and a P/E ratio of 4.82.
• The company announced a quarterly dividend of $0.04 per share, with an annual yield of 1.0%, scheduled for payment on October 17th.

E-L Financial Co. Limited (TSE:ELF - Get Free Report) insider E-L Financial Corporation Limited acquired 1,000 shares of the business's stock in a transaction dated Wednesday, September 10th. The stock was purchased at an average cost of C$15.36 per share, for a total transaction of C$15,360.00. Following the transaction, the insider owned 3,000 shares in the company, valued at approximately C$46,080. The trade was a 50.00% increase in their ownership of the stock.

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

• On Monday, September 8th, E-L Financial Corporation Limited bought 1,000 shares of E-L Financial stock. The stock was purchased at an average price of C$15.49 per share, with a total value of C$15,490.00.
• On Thursday, September 11th, E-L Financial Corporation Limited purchased 400 shares of E-L Financial stock. The stock was purchased at an average cost of C$15.54 per share, for a total transaction of C$6,216.00.
• On Friday, September 12th, E-L Financial Corporation Limited purchased 1,000 shares of E-L Financial stock. The stock was acquired at an average price of C$16.39 per share, with a total value of C$16,390.00.
• On Monday, September 15th, E-L Financial Corporation Limited bought 1,000 shares of E-L Financial stock. The stock was bought at an average price of C$16.41 per share, with a total value of C$16,410.00.
• On Tuesday, September 16th, E-L Financial Corporation Limited purchased 900 shares of E-L Financial stock. The shares were bought at an average price of C$16.42 per share, for a total transaction of C$14,778.00.
• On Wednesday, September 17th, E-L Financial Corporation Limited acquired 300 shares of E-L Financial stock. The shares were bought at an average price of C$16.46 per share, with a total value of C$4,938.00.

E-L Financial Stock Up 1.2%

Shares of ELF traded up C$0.20 during trading hours on Friday, reaching C$16.32. 7,770 shares of the company traded hands, compared to its average volume of 53,341. The business has a fifty day moving average price of C$15.45 and a 200-day moving average price of C$541.11. E-L Financial Co. Limited has a 12-month low of C$11.77 and a 12-month high of C$18.19. The stock has a market capitalization of C$5.65 billion, a P/E ratio of 4.82 and a beta of 1.26.

E-L Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 17th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, September 29th. E-L Financial's dividend payout ratio (DPR) is presently 4.50%.

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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