E-L Financial (TSE:ELF) Sets New 1-Year High – What’s Next?

Shares of E-L Financial Co. Limited (TSE:ELF) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$1,552.06 and last traded at C$1,552.05, with a volume of 1226 shares. The stock had previously closed at C$1,395.00.

E-L Financial Price Performance

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 company has a market capitalization of C$5.37 billion, a price-to-earnings ratio of 4.72 and a beta of 0.85. The firm’s 50 day moving average is C$1,391.34.

E-L Financial (TSE:ELF) last announced its quarterly earnings data on Tuesday, November 12th. The insurance provider reported C$135.14 EPS for the quarter. E-L Financial had a return on equity of 16.57% and a net margin of 39.40%. On average, research analysts anticipate that E-L Financial Co. Limited will post 0.25 EPS for the current fiscal year.

E-L Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were given a dividend of $3.75 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $15.00 dividend on an annualized basis and a yield of 0.97%. E-L Financial’s payout ratio is presently 4.57%.

About E-L Financial

E-L Financial Corp Ltd operates as an investment and insurance holding company. The firm organizes itself into two segments namely E-L Corporate and Empire Life. The Empire Life operating segment underwrites life and health insurance policies and provides segregated funds, mutual funds, and annuity products whereas, the E-L Corporate segment operations include the oversight of investments in global equities held through holdings of common shares, investment funds, closed-end investment companies, and other private companies.