E-L Financial (TSE:ELF) Sets New 52-Week High – Time to Buy?

Shares of E-L Financial Co. Limited (TSE:ELF) hit a new 52-week high during mid-day trading on Tuesday. The stock traded as high as C$20.00 and last traded at C$19.99, with a volume of 9,513 shares trading hands. The stock had previously closed at C$19.57.

E-L Financial Stock Up 2.1%

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$6.91 billion, a PE ratio of 3.90 and a beta of 1.35. The business has a 50 day moving average price of C$17.81 and a 200 day moving average price of C$17.25.

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. E-L Financial had a return on equity of 19.97% and a net margin of 46.65%. The company had revenue of C$2.53 billion during the quarter. Equities research analysts expect that E-L Financial Co. Limited will post 0.25 EPS for the current fiscal year.

E-L Financial Announces Dividend

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

Insider Activity

In other 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 purchased at an average cost of C$16.82 per share, for a total transaction of C$134,560.00. Following the purchase, the insider directly owned 87,500 shares in the company, valued at approximately C$1,471,750. This trade represents a 10.06% increase in their position. In the last ninety days, insiders have acquired 36,900 shares of company stock valued at $623,154. Insiders own 57.79% of the company’s stock.

About E-L Financial

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.