E-L Financial (TSE:ELF) Trading 0.9% Higher – Time to Buy?

E-L Financial Co. Limited (TSE:ELF)’s stock price traded up 0.9% during mid-day trading on Wednesday . The stock traded as high as C$1,488.99 and last traded at C$1,488.99. 115 shares were traded during trading, a decline of 71% from the average session volume of 401 shares. The stock had previously closed at C$1,475.00.

E-L Financial Stock Performance

The firm’s fifty day moving average price is C$1,366.16 and its 200 day moving average price is C$1,258.19. The company has a current ratio of 2.38, a quick ratio of 2.70 and a debt-to-equity ratio of 6.71. The firm has a market capitalization of C$5.15 billion, a PE ratio of 4.53 and a beta of 0.85.

E-L Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $3.75 per share. This represents a $15.00 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Tuesday, December 31st. E-L Financial’s dividend payout ratio is currently 4.57%.

E-L Financial Company Profile

E-L Financial Corporation Limited operates as an investment and insurance holding company in Canada. It operates through two segments, E-L Corporate and Empire Life. The company owns investments in equities and fixed income securities directly and indirectly through common shares, investment funds, closed-end investment companies, pooled funds, limited partnerships, and other private and investment companies.