StockNews.com upgraded shares of Citizens (NYSE:CIA - Free Report) from a sell rating to a hold rating in a research report sent to investors on Friday.
Citizens Stock Up 11.9 %
Citizens stock traded up $0.45 during trading hours on Friday, hitting $4.20. The stock had a trading volume of 81,143 shares, compared to its average volume of 91,155. Citizens has a fifty-two week low of $1.78 and a fifty-two week high of $5.95. The company has a market cap of $209.36 million, a PE ratio of 9.76 and a beta of 0.26. The company has a 50-day moving average of $4.86 and a two-hundred day moving average of $4.57.
Citizens (NYSE:CIA - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The insurance provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.03). Citizens had a return on equity of 11.50% and a net margin of 8.87%. The business had revenue of $63.47 million during the quarter, compared to analyst estimates of $64.66 million. As a group, analysts forecast that Citizens will post 0.32 EPS for the current fiscal year.
Insider Activity
In other Citizens news, CEO Jon Stenberg bought 106,340 shares of the stock in a transaction dated Monday, April 7th. The stock was bought at an average cost of $3.89 per share, for a total transaction of $413,662.60. Following the completion of the purchase, the chief executive officer now owns 124,363 shares in the company, valued at $483,772.07. This represents a 590.02 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of CIA. Alpine Global Management LLC acquired a new stake in shares of Citizens in the 4th quarter valued at $41,000. OMERS ADMINISTRATION Corp acquired a new position in Citizens during the 4th quarter valued at about $63,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Citizens during the 3rd quarter valued at about $82,000. Y Intercept Hong Kong Ltd bought a new position in shares of Citizens in the 4th quarter valued at about $92,000. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Citizens during the 4th quarter worth approximately $120,000. Institutional investors own 13.73% of the company's stock.
About Citizens
(
Get Free Report)
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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