E-L Financial (TSE:ELF) Share Price Crosses Below 50 Day Moving Average – Here’s Why

E-L Financial Co. Limited (TSE:ELF)’s share price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$1,422.62 and traded as low as C$1,345.00. E-L Financial shares last traded at C$1,345.00, with a volume of 714 shares traded.

E-L Financial Stock Down 2.1 %

The stock has a 50-day moving average of C$1,425.09 and a 200 day moving average of C$1,379.55. The company has a market capitalization of C$4.66 billion, a PE ratio of 2.52 and a beta of 0.85.

E-L Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 17th will be paid a $3.75 dividend. The ex-dividend date is Monday, March 31st. This represents a $15.00 annualized dividend and a dividend yield of 1.12%. E-L Financial’s payout ratio is 2.81%.

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.