E-L Financial (TSE:ELF) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

E-L Financial Co. Limited (TSE:ELF) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty 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 changing hands.

E-L Financial Trading Down 2.1 %

The company’s fifty day simple moving average is C$1,425.09 and its 200 day simple moving average is C$1,379.55. The firm has a market capitalization of C$4.66 billion, a P/E ratio of 2.52 and a beta of 0.85.

E-L Financial Announces Dividend

The business 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 of this dividend is Monday, March 31st. This represents a $15.00 dividend on an annualized basis and a dividend yield of 1.12%. E-L Financial’s dividend payout ratio is currently 2.81%.

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.