E-L Financial (TSE:ELF) Stock Passes Below Fifty Day Moving Average – Should You Sell?

E-L Financial Co. Limited (TSE:ELF) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$16.50 and traded as low as C$16.40. E-L Financial shares last traded at C$16.55, with a volume of 51,909 shares.

E-L Financial Price Performance

The stock has a market capitalization of C$5.73 billion, a PE ratio of 4.57 and a beta of 1.27. The business’s fifty day moving average price is C$16.50 and its two-hundred day moving average price is C$104.66.

E-L Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 17th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, September 29th. E-L Financial’s dividend payout ratio is presently 4.28%.

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.