E-L Financial (TSE:ELF) Issues Earnings Results

E-L Financial (TSE:ELF) issued its quarterly earnings data on Thursday. The insurance provider reported C$0.56 EPS for the quarter, FiscalAI reports. E-L Financial had a return on equity of 19.97% and a net margin of 46.65%. The firm had revenue of C$628.86 million during the quarter.

E-L Financial Stock Performance

Shares of E-L Financial stock traded down C$0.10 during mid-day trading on Thursday, hitting C$20.05. 18,344 shares of the stock were exchanged, compared to its average volume of 47,014. The company has a 50-day simple moving average of C$18.58 and a 200 day simple moving average of C$17.34. The company has a market capitalization of C$6.93 billion, a P/E ratio of 3.92 and a beta of 1.34. E-L Financial has a 12 month low of C$15.41 and a 12 month high of C$20.44. The company has a debt-to-equity ratio of 8.68, a quick ratio of 2.70 and a current ratio of 1.45.

E-L Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Friday, October 16th were paid a $0.04 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $0.16 annualized dividend and a yield of 0.8%. E-L Financial’s dividend payout ratio (DPR) is 3.12%.

About E-L Financial

E-L Financial operates as an investment and insurance holding company. In managing its operations, E-L Financial distinguishes between two operating segments, E-L Corporate and Empire Life. E-L Corporate represents investments in stocks and fixed income securities held directly and indirectly through closed-end investment companies and other investment companies. The investment strategy is to accumulate shareholder value through long-term capital appreciation and dividend and interest income from its investments.