E-L Financial (TSE:ELF) Sets New 1-Year High – Time to Buy?

E-L Financial Co. Limited (TSE:ELF)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$1,552.06 and last traded at C$1,552.05, with a volume of 1226 shares changing hands. 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 quick ratio of 2.70 and a current ratio of 2.38. The stock has a market capitalization of C$5.34 billion, a PE ratio of 4.70 and a beta of 0.85. The business’s 50-day moving average price is C$1,394.58 and its 200 day moving average price is C$1,317.38.

E-L Financial (TSE:ELF) last posted its earnings results 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%. Research analysts forecast that E-L Financial Co. Limited will post 0.25 earnings per share for the current year.

E-L Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were given a $3.75 dividend. This represents a $15.00 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Tuesday, December 31st. E-L Financial’s dividend payout ratio (DPR) is 4.57%.

E-L Financial Company Profile

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.