E-L Financial (TSE:ELF) Hits New 12-Month High – Still a Buy?

Shares of E-L Financial Co. Limited (TSE:ELF) hit a new 52-week high during trading on Friday . The company traded as high as C$18.48 and last traded at C$18.22, with a volume of 15771 shares changing hands. The stock had previously closed at C$17.37.

E-L Financial Price Performance

The company’s 50-day simple moving average is C$16.77 and its two-hundred day simple moving average is C$16.08. The firm has a market capitalization of C$6.27 billion, a P/E ratio of 5.01 and a beta of 1.39.

Insider Buying and Selling

In related news, insider Maria Victoria Duncan Jackman bought 3,800 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were bought at an average cost of C$16.75 per share, for a total transaction of C$63,650.00. Following the completion of the transaction, the insider owned 46,500 shares of the company’s stock, valued at approximately C$778,875. This trade represents a 8.90% increase in their ownership of the stock. Corporate insiders own 57.79% of the company’s stock.

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.