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

Shares of E-L Financial Co. Limited (TSE:ELF) reached a new 52-week high during trading on Friday . The company traded as high as C$18.48 and last traded at C$18.22, with a volume of 15771 shares trading hands. The stock had previously closed at C$17.37.

E-L Financial Stock Performance

The firm has a market capitalization of C$6.30 billion, a PE ratio of 5.03 and a beta of 1.39. The stock’s 50 day simple moving average is C$16.74 and its two-hundred day simple moving average is C$16.06.

Insider Buying and Selling

In related news, insider Maria Victoria Duncan Jackman acquired 3,800 shares of E-L Financial stock in a transaction that occurred on Monday, November 17th. The shares were purchased at an average price of C$16.75 per share, for a total transaction of C$63,650.00. Following the completion of the transaction, the insider owned 46,500 shares in the company, valued at C$778,875. This represents a 8.90% increase in their position. Insiders own 57.79% of the company’s stock.

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.