E-L Financial (TSE:ELF) Shares Pass Below Fifty Day Moving Average – Should You Sell?

E-L Financial Co. Limited (TSE:ELF)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-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 Down 7.9 %

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

E-L Financial Dividend Announcement

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