Sidoti Csr Analysts Boost Earnings Estimates for Citizens, Inc. (NYSE:CIA)

Citizens, Inc. (NYSE:CIA - Free Report) - Equities researchers at Sidoti Csr boosted their Q2 2024 earnings per share (EPS) estimates for shares of Citizens in a note issued to investors on Wednesday, May 8th. Sidoti Csr analyst B. Mccarthy now expects that the insurance provider will earn $0.06 per share for the quarter, up from their prior estimate of $0.05. The consensus estimate for Citizens' current full-year earnings is $0.31 per share. Sidoti Csr also issued estimates for Citizens' Q3 2024 earnings at $0.08 EPS and Q4 2024 earnings at $0.10 EPS.

Separately, StockNews.com cut shares of Citizens from a "buy" rating to a "hold" rating in a research note on Wednesday, April 24th.

Citizens Price Performance

Shares of CIA traded up $0.01 during trading hours on Thursday, reaching $2.38. 107,443 shares of the company's stock traded hands, compared to its average volume of 55,769. Citizens has a twelve month low of $1.64 and a twelve month high of $3.69. The business's fifty day simple moving average is $2.18 and its two-hundred day simple moving average is $2.70. The firm has a market capitalization of $117.98 million, a price-to-earnings ratio of 4.81 and a beta of 0.17.

Citizens (NYSE:CIA - Get Free Report) last issued its quarterly earnings data on Thursday, March 14th. The insurance provider reported $0.21 earnings per share (EPS) for the quarter. Citizens had a return on equity of 15.61% and a net margin of 10.15%. The business had revenue of $65.61 million during the quarter.

Insiders Place Their Bets

In other news, CEO Gerald Shields acquired 16,000 shares of the company's stock in a transaction dated Thursday, March 21st. The shares were bought at an average price of $2.22 per share, with a total value of $35,520.00. Following the purchase, the chief executive officer now owns 168,724 shares of the company's stock, valued at $374,567.28. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders bought 24,000 shares of company stock worth $52,287 over the last ninety days. Company insiders own 0.88% of the company's stock.

Institutional Trading of Citizens

A number of hedge funds and other institutional investors have recently made changes to their positions in CIA. Ritholtz Wealth Management acquired a new stake in Citizens during the 4th quarter worth about $34,000. Brandywine Global Investment Management LLC purchased a new stake in shares of Citizens in the 3rd quarter valued at approximately $66,000. Citigroup Inc. acquired a new position in Citizens in the 3rd quarter worth approximately $96,000. Barclays PLC grew its position in Citizens by 10.2% during the 3rd quarter. Barclays PLC now owns 46,416 shares of the insurance provider's stock worth $132,000 after purchasing an additional 4,304 shares in the last quarter. Finally, First Eagle Investment Management LLC acquired a new stake in Citizens during the 3rd quarter valued at $249,000. 13.73% of the stock is currently owned by institutional investors.

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.