Citizens, Inc. (NYSE:CIA) to Post Q1 2024 Earnings of $0.06 Per Share, Sidoti Csr Forecasts

Citizens, Inc. (NYSE:CIA) – Equities researchers at Sidoti Csr issued their Q1 2024 EPS estimates for Citizens in a research note issued on Wednesday, May 1st. Sidoti Csr analyst B. Mccarthy forecasts that the insurance provider will post earnings of $0.06 per share for the quarter. Sidoti Csr also issued estimates for Citizens’ Q2 2024 earnings at $0.05 EPS, Q3 2024 earnings at $0.09 EPS, Q4 2024 earnings at $0.12 EPS, FY2024 earnings at $0.31 EPS, Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.13 EPS and FY2025 earnings at $0.42 EPS.

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

Citizens Stock Down 1.4 %

Shares of NYSE CIA opened at $2.11 on Friday. Citizens has a twelve month low of $1.64 and a twelve month high of $3.69. The firm has a fifty day simple moving average of $2.21 and a 200 day simple moving average of $2.72. The company has a market capitalization of $104.60 million, a PE ratio of 4.40 and a beta of 0.17.

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

Insider Activity

In other Citizens news, CEO Gerald Shields acquired 16,000 shares of Citizens stock in a transaction dated Thursday, March 21st. The stock was purchased at an average cost 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 of the company’s stock, valued at $374,567.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders acquired 24,000 shares of company stock worth $52,287 over the last three months. 0.88% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC boosted its stake in Citizens by 124.1% in the fourth quarter. First Eagle Investment Management LLC now owns 195,439 shares of the insurance provider’s stock valued at $526,000 after acquiring an additional 108,226 shares during the last quarter. Citigroup Inc. bought a new stake in shares of Citizens in the third quarter valued at approximately $96,000. Brandywine Global Investment Management LLC bought a new stake in shares of Citizens in the third quarter valued at approximately $66,000. Ritholtz Wealth Management bought a new stake in shares of Citizens in the fourth quarter valued at approximately $34,000. Finally, Barclays PLC raised its position in shares of Citizens by 10.2% in the third quarter. Barclays PLC now owns 46,416 shares of the insurance provider’s stock valued at $132,000 after purchasing an additional 4,304 shares during the period. 13.73% of the stock is currently owned by hedge funds and other 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.