Q2 2024 EPS Estimates for Citizens, Inc. (NYSE:CIA) Raised by Analyst

Citizens, Inc. (NYSE:CIA) – Sidoti Csr upped their Q2 2024 earnings per share estimates for shares of Citizens in a report issued on Wednesday, May 8th. Sidoti Csr analyst B. Mccarthy now anticipates that the insurance provider will earn $0.06 per share for the quarter, up from their prior forecast 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 lowered shares of Citizens from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th.

Citizens Price Performance

Shares of NYSE:CIA opened at $2.37 on Thursday. The company’s fifty day moving average price is $2.18 and its 200-day moving average price is $2.70. Citizens has a one year low of $1.64 and a one year high of $3.69. The firm has a market capitalization of $117.49 million, a price-to-earnings ratio of 4.94 and a beta of 0.17.

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

Institutional Investors Weigh In On Citizens

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ritholtz Wealth Management purchased a new stake in shares of Citizens in the fourth quarter worth $34,000. Brandywine Global Investment Management LLC purchased a new position in Citizens in the third quarter worth about $66,000. Citigroup Inc. bought a new position in shares of Citizens in the third quarter worth approximately $96,000. Barclays PLC grew its holdings in shares of Citizens by 10.2% during the third quarter. Barclays PLC now owns 46,416 shares of the insurance provider’s stock valued at $132,000 after buying an additional 4,304 shares during the last quarter. Finally, First Eagle Investment Management LLC bought a new stake in shares of Citizens during the third quarter valued at approximately $249,000. 13.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Citizens

In related news, CEO Gerald Shields purchased 16,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were acquired at an average price of $2.22 per share, for a total transaction of $35,520.00. Following the completion of the acquisition, the chief executive officer now directly owns 168,724 shares in the company, valued at approximately $374,567.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have bought 24,000 shares of company stock worth $52,287. 0.88% of the stock is currently owned by company insiders.

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.