E-L Financial (TSE:ELF) Insider Acquires 1,300 Shares

E-L Financial Co. Limited (TSE:ELF - Get Free Report) insider E-L Financial Corporation Limited purchased 1,300 shares of the company's stock in a transaction dated Monday, July 27th. The stock was purchased at an average price of C$16.96 per share, with a total value of C$22,048.00. Following the completion of the purchase, the insider directly owned 90,800 shares in the company, valued at C$1,539,968. The trade was a 1.45% increase in their position.

E-L Financial Corporation Limited also recently made the following trade(s):

• On Wednesday, July 22nd, E-L Financial Corporation Limited purchased 7,600 shares of E-L Financial stock. The shares were purchased at an average cost of C$16.94 per share, for a total transaction of C$128,744.00.
• On Thursday, July 23rd, E-L Financial Corporation Limited bought 8,000 shares of E-L Financial stock. The shares were acquired at an average cost of C$16.82 per share, for a total transaction of C$134,560.00.
• On Friday, July 24th, E-L Financial Corporation Limited purchased 2,000 shares of E-L Financial stock. The shares were acquired at an average price of C$16.99 per share, for a total transaction of C$33,980.00.
• On Tuesday, July 28th, E-L Financial Corporation Limited bought 200 shares of E-L Financial stock. The shares were bought at an average cost of C$16.94 per share, for a total transaction of C$3,388.00.
• On Wednesday, July 29th, E-L Financial Corporation Limited acquired 2,400 shares of E-L Financial stock. The stock was bought at an average cost of C$16.96 per share, for a total transaction of C$40,704.00.
• On Thursday, July 30th, E-L Financial Corporation Limited acquired 8,000 shares of E-L Financial stock. The stock was purchased at an average cost of C$16.88 per share, for a total transaction of C$135,040.00.
• On Friday, July 31st, E-L Financial Corporation Limited purchased 7,400 shares of E-L Financial stock. The shares were purchased at an average cost of C$16.85 per share, for a total transaction of C$124,690.00.
• On Wednesday, May 27th, E-L Financial Corporation Limited bought 6,400 shares of E-L Financial stock. The shares were acquired at an average cost of C$17.11 per share, with a total value of C$109,504.00.
• On Thursday, May 28th, E-L Financial Corporation Limited bought 1,200 shares of E-L Financial stock. The stock was acquired at an average price of C$16.96 per share, with a total value of C$20,352.00.
• On Friday, May 29th, E-L Financial Corporation Limited purchased 5,700 shares of E-L Financial stock. The shares were acquired at an average price of C$17.02 per share, for a total transaction of C$97,014.00.

E-L Financial Stock Down 0.3%

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Shares of TSE ELF opened at C$16.94 on Friday. The company has a quick ratio of 2.70, a current ratio of 1.41 and a debt-to-equity ratio of 6.83. The firm has a market cap of C$5.86 billion, a PE ratio of 5.15 and a beta of 1.37. The company's fifty day simple moving average is C$16.94 and its 200 day simple moving average is C$16.89. E-L Financial Co. Limited has a 12-month low of C$14.31 and a 12-month high of C$18.97.

E-L Financial (TSE:ELF - Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The insurance provider reported C$0.09 earnings per share for the quarter. The firm had revenue of C$524.00 million for the quarter. E-L Financial had a net margin of 43.93% and a return on equity of 13.43%. As a group, sell-side analysts forecast that E-L Financial Co. Limited will post 0.25 earnings per share for the current fiscal year.

E-L Financial Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Friday, July 17th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, June 30th. E-L Financial's dividend payout ratio is 4.86%.

E-L Financial News Roundup

Here are the key news stories impacting E-L Financial this week:

• Positive Sentiment: Insider buying totaled 36,900 shares. E-L Financial Corporation Limited purchased shares in multiple transactions from July 22 through July 31 at prices ranging from C$16.82 to C$16.99, spending approximately C$623,154 in aggregate. Such sustained buying near the current trading range can indicate that an affiliated investor considers the shares attractively valued and may provide support for TSX: ELF. E-L Financial insider transaction report
• Neutral Sentiment: The reported Q2 article may be unrelated to E-L Financial. The headline refers to “brand expansion” and “pricing strategy,” language generally associated with e.l.f. Beauty rather than the Canadian insurance and investment company E-L Financial. Investors should not treat the article as an earnings or operating update for TSX: ELF unless the underlying story confirms the company identity. ELF Q2 deep dive article

E-L Financial Company Profile

(Get Free Report)

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.

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