E-L Financial (TSE:ELF) Shares Up 0.4% – Here’s Why

E-L Financial Co. Limited (TSE:ELF)’s share price shot up 0.4% during mid-day trading on Wednesday . The company traded as high as C$1,320.06 and last traded at C$1,315.00. 508 shares were traded during trading, an increase of 24% from the average session volume of 411 shares. The stock had previously closed at C$1,310.00.

E-L Financial Trading Up 0.4 %

The company has a debt-to-equity ratio of 6.71, a quick ratio of 2.70 and a current ratio of 2.38. The firm has a fifty day moving average price of C$1,319.12 and a 200 day moving average price of C$1,201.07. The company has a market cap of C$4.55 billion, a price-to-earnings ratio of 4.00 and a beta of 0.85.

E-L Financial (TSE:ELF) last issued its earnings results on Friday, August 9th. The insurance provider reported C$62.96 earnings per share (EPS) for the quarter. E-L Financial had a net margin of 39.40% and a return on equity of 16.57%. The company had revenue of C$351.00 million for the quarter. As a group, equities analysts predict that E-L Financial Co. Limited will post 0.25 EPS for the current fiscal year.

E-L Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, October 17th were paid a dividend of $3.75 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $15.00 annualized dividend and a dividend yield of 1.14%. 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.