Citizens (NYSE:CIA) Issues Quarterly Earnings Results

Key Points

• Citizens reported earnings of $0.13 per share for the quarter, exceeding estimates of $0.04, with a net margin of 4.57%.
• The stock rose 6.3% to $4.56 following the earnings announcement, with a market cap of approximately $228.73 million.
• Insider trading saw CEO Jon Stenberg purchase 30,000 shares at $3.69 per share, increasing his total ownership by over 20%.

Citizens (NYSE:CIA - Get Free Report) announced its quarterly earnings results on Thursday. The insurance provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.09, Zacks reports. Citizens had a net margin of 4.57% and a return on equity of 6.54%. The firm had revenue of $62.68 million during the quarter, compared to analysts' expectations of $62.78 million.

Citizens Trading Up 6.3%

NYSE CIA traded up $0.27 on Friday, hitting $4.56. 212,688 shares of the company were exchanged, compared to its average volume of 177,376. The company has a market cap of $228.73 million, a PE ratio of 20.73 and a beta of 0.39. Citizens has a 12 month low of $2.62 and a 12 month high of $5.95. The stock has a fifty day moving average of $3.68 and a 200-day moving average of $4.24.

Insider Transactions at Citizens

In related news, CEO Jon Stenberg bought 30,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were acquired at an average cost of $3.69 per share, with a total value of $110,700.00. Following the completion of the purchase, the chief executive officer directly owned 179,016 shares in the company, valued at $660,569.04. The trade was a 20.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired 37,350 shares of company stock worth $138,105 over the last 90 days. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CIA. Goldman Sachs Group Inc. lifted its position in shares of Citizens by 142.8% during the first quarter. Goldman Sachs Group Inc. now owns 199,809 shares of the insurance provider's stock valued at $909,000 after purchasing an additional 117,502 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Citizens by 8.2% during the 1st quarter. Empowered Funds LLC now owns 157,169 shares of the insurance provider's stock worth $715,000 after purchasing an additional 11,853 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Citizens by 133.6% during the 1st quarter. Jane Street Group LLC now owns 169,308 shares of the insurance provider's stock worth $770,000 after purchasing an additional 96,836 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Citizens by 118.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,032,234 shares of the insurance provider's stock worth $3,603,000 after purchasing an additional 558,840 shares during the last quarter. 13.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Citizens from a "sell" rating to a "hold" rating in a research report on Saturday.

Citizens Company Profile

Citizens, Inc provides life insurance products in the United States and internationally. The company operates in two segments, Life Insurance and Home Service Insurance. The Life Insurance segment issues ordinary whole life insurance and endowment policies in the United States dollar-denominated amounts to non-U.S.

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