E-L Financial (TSE:ELF) Stock Crosses Above Fifty Day Moving Average - Here's Why

E-L Financial Co. Limited (TSE:ELF - Get Free Report) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$1,389.74 and traded as high as C$1,395.00. E-L Financial shares last traded at C$1,395.00, with a volume of 356 shares.

E-L Financial Price Performance

The company has a current ratio of 2.38, a quick ratio of 2.70 and a debt-to-equity ratio of 6.71. The company's 50 day moving average is C$1,389.74. The firm has a market capitalization of C$4.83 billion, a price-to-earnings ratio of 4.25 and a beta of 0.85.

E-L Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were paid a dividend of $3.75 per share. This represents a $15.00 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Tuesday, December 31st. E-L Financial's payout ratio is 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.