E-L Financial Co. Limited (TSE:ELF) Declares Quarterly Dividend of $0.04

E-L Financial Co. Limited (TSE:ELF) announced a quarterly dividend on Tuesday, September 29th. Investors of record on Friday, October 16th will be paid a dividend of $0.04 per share by the insurance provider on Friday, October 16th. This represents a $0.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Tuesday, September 29th.

E-L Financial Price Performance

Shares of TSE:ELF opened at C$17.57 on Wednesday. E-L Financial has a twelve month low of C$15.41 and a twelve month high of C$18.97. The company’s 50 day moving average is C$17.44 and its 200 day moving average is C$17.01. The company has a current ratio of 1.45, a quick ratio of 2.70 and a debt-to-equity ratio of 8.68. The company has a market cap of C$6.08 billion, a PE ratio of 3.43 and a beta of 1.38.

E-L Financial (TSE:ELF) last posted its quarterly 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 net margin of 46.65% and a return on equity of 19.97%. The company had revenue of C$2.53 billion during the quarter. On average, sell-side analysts forecast that E-L Financial will post 0.25 EPS for the current year.

Insider Activity

In other E-L Financial news, insider E-L Financial Corporation Limited bought 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 23rd. The stock was bought at an average cost of C$16.82 per share, for a total transaction of C$134,560.00. Following the completion of the transaction, the insider directly owned 87,500 shares of the company’s stock, valued at approximately C$1,471,750. This trade represents a 10.06% increase in their position. Insiders have acquired a total of 36,900 shares of company stock worth $623,154 over the last three months. Company insiders own 57.79% of the company’s stock.

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.