Tweedy Browne (Trades, Portfolio) Global Value septupled its holding in E-L Financial Corp. Ltd. (TSX:ELF, Financial) in the fourth quarter, adding 79,300 shares to its stake.
Tweedy Browne (Trades, Portfolio) Global Value seeks long-term growth of capital by investing throughout the world in a diversified portfolio consisting primarily of non-U.S. marketable equity securities. Tweedy Browne (Trades, Portfolio)Â Global Value has a policy of purchasing U.S. securities only when there is an attractive opportunity at hand.
E-L Financial, a Canadian investment and insurance holding company, is also traded in the U.S.
The company was incorporated on Nov. 13, 1968. It operates in two segments, E-L Corporate and Empire Life. The E-L Corporate segment owns investments in equities and fixed income securities directly and indirectly through pooled funds and other investment companies as well as investments in United Corporations Limited and Economic Investment Trust Limited.
E-L Financial has a market cap of $2.73 billion, a P/E ratio of 6.42, an enterprise value of $3.52 billion and a dividend yield of 0.07%. The company has one good sign, according to GuruFocus. The P/B ratio is close to a two-year low. E-L Financial's P/B ratio is 0.63, close to a two-year low of 0.58. E-L Financial is also trading well below its intrinsic value.
Below is a Peter Lynch chart for E-L Financial.
According to this chart, E-L Financial is trading well below the company's earnings, making this holding enticing for investors.
Cheers to your investment success.
Disclaimer: Author does not currently own any shares of this holding.
