E-L Financial (TSE:ELF) Sets New 1-Year High – Time to Buy?

E-L Financial Co. Limited (TSE:ELF) hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as C$19.00 and last traded at C$18.89, with a volume of 15,582 shares trading hands. The stock had previously closed at C$18.63.

E-L Financial Price Performance

The company has a quick ratio of 2.70, a current ratio of 1.45 and a debt-to-equity ratio of 8.68. The stock has a market cap of C$6.53 billion, a P/E ratio of 3.69 and a beta of 1.35. The company’s 50 day moving average price is C$17.64 and its 200-day moving average price is C$17.15.

E-L Financial (TSE:ELF) last announced its earnings results on Friday, August 7th. The insurance provider reported C$2.85 earnings per share (EPS) for the quarter. E-L Financial had a return on equity of 19.97% and a net margin of 46.65%. The business had revenue of C$2.53 billion during the quarter. As a group, sell-side analysts expect that E-L Financial Co. Limited will post 0.25 earnings per share for the current year.

E-L Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 16th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 29th. E-L Financial’s payout ratio is currently 3.12%.

Insider Buying and Selling

In other news, insider E-L Financial Corporation Limited bought 7,400 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was acquired at an average price of C$16.85 per share, with a total value of C$124,690.00. Following the transaction, the insider owned 7,400 shares of the company’s stock, valued at C$124,690. This trade represents a ∞ increase in their position. Insiders purchased 36,900 shares of company stock valued at $623,154 in the last quarter. Corporate insiders own 57.79% of the company’s stock.

E-L Financial Company Profile

E-L Financial operates as an investment and insurance holding company. In managing its operations, E-L Financial distinguishes between two operating segments, E-L Corporate and Empire Life. E-L Corporate represents investments in stocks and fixed income securities held directly and indirectly through closed-end investment companies and other investment companies. The investment strategy is to accumulate shareholder value through long-term capital appreciation and dividend and interest income from its investments.