E-L Financial (TSE:ELF) Hits New 12-Month High – Here’s What Happened
by Mitch Edgeman · The Markets DailyE-L Financial Co. Limited (TSE:ELF – Get Free Report)’s stock price 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. The stock had previously closed at C$18.03.
E-L Financial Stock Performance
The business has a fifty day simple moving average of C$16.87 and a 200 day simple moving average of C$16.14. The stock has a market capitalization of C$6.23 billion, a price-to-earnings ratio of 4.98 and a beta of 1.39.
Insider Activity at E-L Financial
In other E-L Financial news, insider Maria Victoria Duncan Jackman purchased 3,800 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were acquired at an average cost of C$16.75 per share, for a total transaction of C$63,650.00. Following the completion of the purchase, the insider owned 46,500 shares of the company’s stock, valued at approximately C$778,875. The trade was a 8.90% increase in their position. Company 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.