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

Shares of E-L Financial Co. Limited (TSE:ELF) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$1,364.89 and traded as low as C$1,180.17. E-L Financial shares last traded at C$1,199.95, with a volume of 846 shares trading hands.

E-L Financial Stock Performance

The firm’s 50 day simple moving average is C$1,364.89 and its 200 day simple moving average is C$1,370.83. The firm has a market capitalization of C$4.15 billion, a price-to-earnings ratio of 2.25 and a beta of 0.85.

E-L Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 17th will be issued a $3.75 dividend. This represents a $15.00 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Monday, March 31st. E-L Financial’s payout ratio is 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.