E-L FINANCIAL (ELF) Stocks
ABOUT E-L FINANCIAL
E-L Financial Corporation Limited is an investment and insurance holding company. It operates through its E-L Corporate and its Empire Life divisions. Its portfolio offers health insurance policies, employee benefit plans, wealth management products, segregated funds, annuity products, mutual funds and financial services.
E-L Financial Corporation Limited offers these products and services to mutual fund dealers, national account firms, financial advisors, employee benefit brokers and managing general agents, which then offers it to professionals, businesses and individuals.
E-L Financial Corporation Limited also owns investments in equities and fixed income securities, closed-end investment companies, investment funds and private companies. E-L Financial Corporation Limited is headquartered in Toronto, Canada.
OVERVIEW OF E-L FINANCIAL
In 1923, Milton Palmer Langstaff founds Empire Life. In 1929 the company merges with The Commonwealth Life and Accident Insurance Company.
During the next few years, the company buys The Canadian Order of Odd Fellows’ insurance portfolio as well as Mutual Relief Life Insurance Company. In 1936 the company relocates its headquarters from Toronto to Kingston, Ontario.
In 1968 E-L Financial Corporation Limited is founded when 94 percent of the outstanding shares of Empire Life is purchased. Empire Life is now a subsidiary of E-L Financial Corporation Limited.
In 1987 it buys The Montreal Life Insurance Company and The Dominion of Canada General Insurance Company’s life insurance businesses.
It buys a group insurance business in 1992 and a year later The Citadel Life Assurance Company’s non-participating individual insurance policies are purchased.
Several more acquisitions take place in the following years.
VISION & VALUES OF E-L FINANCIAL
E-L Financial Corporation Limited‘s vision is to be the most efficient and convenient insurance and investment company throughout Canada.
Its mission is to deliver quality insurance and investment products and services in an accurate, affordably priced and timely manner.
E-L Financial Corporation Limited’s core values include accountability, respect, integrity and honesty. It operates responsibly and with fairness, honour its commitments and acts with ethical standards.
MARKET PERFORMANCE OF E-L FINANCIAL
E-L Financial Corporation Limited trades on the Toronto Stock Exchange under the TSX stock symbol ELF.
Data analysis for the E-L Financial Corporation Limited’s third quarter for 2019 reports a common shareholders’ net income of $ 35 million. Basic and diluted earnings per share are $ 35.29. Return on common shareholders’ equity is 8.7 percent. Earnings on operations before income taxes are $ 30 million.
Earnings on surplus are $ 18 million. Income before income tax is $ 49 million and income taxes are $ 11 million. Shareholders’ net income is $ 38 million. Dividends are $ 3 million.
Buy E-L FINANCIAL stocks / shares – ? A Step by Step Guide how to Buy / Purchase E-L FINANCIAL Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy E-L FINANCIAL Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN E-L FINANCIAL STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE E-L FINANCIAL STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of E-L FINANCIAL stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy E-L FINANCIAL stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?