E-L Financial (TSE:ELF) Reaches New 52-Week High – Still a Buy?

E-L Financial Co. Limited (TSE:ELF) reached a new 52-week high on Friday . The stock traded as high as C$18.97 and last traded at C$18.14, with a volume of 2605 shares trading hands. The stock had previously closed at C$18.03.

E-L Financial Trading Down 0.2%

The firm has a market cap of C$6.23 billion, a P/E ratio of 4.97 and a beta of 1.39. The stock has a 50 day simple moving average of C$16.89 and a 200-day simple moving average of C$16.16.

Insider Buying and Selling

In other E-L Financial news, insider Maria Victoria Duncan Jackman acquired 3,800 shares of the stock in a transaction on Monday, November 17th. The stock was acquired at an average price of C$16.75 per share, for a total transaction of C$63,650.00. Following the completion of the transaction, the insider directly owned 46,500 shares of the company’s stock, valued at C$778,875. This trade represents a 8.90% increase in their ownership of the stock. 57.79% of the stock is owned by company insiders.

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.