E-L Financial (TSE:ELF) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

E-L Financial Co. Limited (TSE:ELF) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$1,388.31 and traded as high as C$1,502.00. E-L Financial shares last traded at C$1,502.00, with a volume of 186 shares trading hands.

E-L Financial Stock Up 0.1 %

The firm’s 50-day simple moving average is C$1,388.31 and its 200-day simple moving average is C$1,356.38. The firm has a market capitalization of C$5.20 billion, a PE ratio of 2.82 and a beta of 0.85.

E-L Financial (TSE:ELF) last posted its quarterly earnings results on Tuesday, November 12th. The insurance provider reported C$135.14 earnings per share (EPS) for the quarter. E-L Financial had a net margin of 33.27% and a return on equity of 23.62%. On average, equities research analysts forecast that E-L Financial Co. Limited will post 0.25 earnings per share for the current year.

E-L Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were paid a dividend of $3.75 per share. This represents a $15.00 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Tuesday, December 31st. E-L Financial’s dividend payout ratio (DPR) is 2.81%.

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.