Citizens, Inc. (NYSE:CIA - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.04 and traded as high as $5.07. Citizens shares last traded at $4.82, with a volume of 67,866 shares.
Citizens Stock Down 0.6 %
The company has a market cap of $237.45 million, a P/E ratio of 10.19 and a beta of 0.15. The business's 50 day moving average is $3.81 and its 200 day moving average is $3.06.
Citizens (NYSE:CIA - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The insurance provider reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.02. The business had revenue of $62.34 million for the quarter, compared to the consensus estimate of $58.59 million. Citizens had a return on equity of 12.33% and a net margin of 8.92%. As a group, equities research analysts forecast that Citizens, Inc. will post 0.32 EPS for the current year.
Insider Activity
In other news, CEO Jon Stenberg bought 12,558 shares of the business's stock in a transaction dated Thursday, September 5th. The stock was purchased at an average cost of $2.96 per share, with a total value of $37,171.68. Following the acquisition, 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders have acquired 24,053 shares of company stock valued at $68,166 in the last ninety days. Insiders own 0.88% of the company's stock.
Hedge Funds Weigh In On Citizens
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ritholtz Wealth Management acquired a new position in shares of Citizens during the 2nd quarter worth about $54,000. Marietta Wealth Management LLC acquired a new position in shares of Citizens during the second quarter valued at approximately $64,000. Empowered Funds LLC lifted its position in shares of Citizens by 8.1% in the first quarter. Empowered Funds LLC now owns 121,953 shares of the insurance provider's stock valued at $261,000 after acquiring an additional 9,112 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in shares of Citizens by 69.1% in the first quarter. First Eagle Investment Management LLC now owns 330,508 shares of the insurance provider's stock worth $707,000 after acquiring an additional 135,069 shares during 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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