Citizens, Inc. (NYSE:CIA - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.94 and traded as high as $5.73. Citizens shares last traded at $4.81, with a volume of 273,403 shares changing hands.
Citizens Stock Performance
The business's 50 day moving average price is $3.59 and its 200 day moving average price is $2.94. The firm has a market cap of $237.95 million, a price-to-earnings ratio of 10.21 and a beta of 0.15.
Citizens (NYSE:CIA - Get Free Report) last announced its earnings results on Tuesday, August 6th. The insurance provider reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. Citizens had a net margin of 8.92% and a return on equity of 12.33%. The company had revenue of $62.34 million for the quarter, compared to analysts' expectations of $58.59 million. Sell-side analysts anticipate that Citizens, Inc. will post 0.32 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Citizens news, CEO Jon Stenberg bought 12,558 shares of the firm's stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average price of $2.96 per share, for a total transaction of $37,171.68. Following the completion of the purchase, the chief executive officer now directly owns 18,023 shares in the company, valued at $53,348.08. This trade represents a 200.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired 24,053 shares of company stock worth $68,166 over the last three months. Company insiders own 0.88% of the company's stock.
Institutional Investors Weigh In On Citizens
A number of institutional investors and hedge funds have recently made changes to their positions in CIA. First Eagle Investment Management LLC raised its holdings in Citizens by 26.8% during the second quarter. First Eagle Investment Management LLC now owns 418,923 shares of the insurance provider's stock worth $1,139,000 after purchasing an additional 88,415 shares in the last quarter. Ritholtz Wealth Management purchased a new position in Citizens in the 2nd quarter valued at approximately $54,000. Marietta Wealth Management LLC purchased a new stake in shares of Citizens in the 2nd quarter worth about $64,000. Finally, Empowered Funds LLC increased its stake in shares of Citizens by 8.1% during the 1st quarter. Empowered Funds LLC now owns 121,953 shares of the insurance provider's stock worth $261,000 after purchasing an additional 9,112 shares in the last quarter. 13.73% of the stock is owned by hedge funds and other institutional investors.
Citizens Company Profile
(
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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