E-L Financial (TSE:ELF) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

E-L Financial Co. Limited (TSE:ELF)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$16.45 and traded as high as C$17.00. E-L Financial shares last traded at C$16.53, with a volume of 22,020 shares changing hands.

E-L Financial Stock Down 2.2%

The firm’s 50 day moving average is C$16.45 and its 200-day moving average is C$228.36. The firm has a market cap of C$5.72 billion, a PE ratio of 4.57 and a beta of 1.21.

E-L Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 17th were issued a dividend of $0.04 per share. The ex-dividend date was Monday, September 29th. This represents a $0.16 annualized dividend and a dividend yield of 1.0%. E-L Financial’s dividend payout ratio (DPR) is 4.28%.

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.