E-L Financial (TSE:ELF) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

E-L Financial Co. Limited (TSE:ELF) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-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 Stock Down 0.4 %

The company has a debt-to-equity ratio of 6.71, a current ratio of 2.38 and a quick ratio of 2.70. The stock’s 50 day simple moving average is C$1,390.06 and its two-hundred day simple moving average is C$1,302.42. The firm has a market cap of C$4.48 billion, a P/E ratio of 3.94 and a beta of 0.85.

E-L Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 17th will be paid a $3.75 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $15.00 dividend on an annualized basis and a dividend yield of 1.16%. 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.