E-L Financial (TSE:ELF) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Shares of E-L Financial Co. Limited (TSE:ELF) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$1,390.76 and traded as low as C$1,299.99. E-L Financial shares last traded at C$1,300.00, with a volume of 817 shares.

E-L Financial Trading Down 0.4 %

The stock has a fifty day moving average of C$1,390.06 and a 200-day moving average of C$1,302.42. The company has a market cap of C$4.48 billion, a PE ratio of 3.94 and a beta of 0.85. The company has a debt-to-equity ratio of 6.71, a quick ratio of 2.70 and a current ratio of 2.38.

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 Friday, January 17th will be issued a $3.75 dividend. This represents a $15.00 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Tuesday, December 31st. E-L Financial’s payout ratio is presently 4.57%.

About E-L Financial

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.