E-L Financial (TSE:ELF) Shares Climb 3.1% – Time to Buy?

E-L Financial Co. Limited (TSE:ELF)’s stock price traded up 3.1% during mid-day trading on Tuesday. The stock traded as high as C$20.38 and last traded at C$20.09. 73,377 shares changed hands during trading, an increase of 55% from the average daily volume of 47,267 shares. The stock had previously closed at C$19.49.

E-L Financial Stock 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 company has a market capitalization of C$6.94 billion, a PE ratio of 3.92 and a beta of 1.34. The company has a 50-day moving average price of C$18.47 and a two-hundred day moving average price of C$17.32.

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

E-L Financial Announces Dividend

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

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.