E-L Financial (TSE:ELF) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Shares of E-L Financial Co. Limited (TSE:ELF) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$16.85 and traded as low as C$16.80. E-L Financial shares last traded at C$17.09, with a volume of 76,285 shares traded.

E-L Financial Price Performance

The company has a current ratio of 1.41, a quick ratio of 2.70 and a debt-to-equity ratio of 6.83. The stock has a market capitalization of C$5.92 billion, a P/E ratio of 5.19 and a beta of 1.37. The company has a fifty day simple moving average of C$17.01 and a two-hundred day simple moving average of C$16.85.

E-L Financial (TSE:ELF) last issued its 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%. Sell-side analysts expect that E-L Financial Co. Limited will post 0.25 EPS for the current fiscal year.

E-L Financial Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Friday, July 17th will be paid a $0.04 dividend. The ex-dividend date of this dividend is 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 presently 4.86%.

Insider Buying and Selling

In other E-L Financial news, insider E-L Financial Corporation Limited bought 5,700 shares of the company’s stock in a transaction on Friday, May 29th. The stock was bought at an average price of C$17.02 per share, for a total transaction of C$97,014.00. Following the transaction, the insider owned 5,700 shares of the company’s stock, valued at approximately C$97,014. The trade was a ? increase in their position. Over the last three months, insiders have acquired 13,300 shares of company stock worth $226,870. 57.79% of the stock is currently owned by 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.