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Singular Research Comments on Citizens FY2024 Earnings

Citizens logo with Finance background

Citizens, Inc. (NYSE:CIA - Free Report) - Analysts at Singular Research issued their FY2024 EPS estimates for Citizens in a research report issued to clients and investors on Monday, November 18th. Singular Research analyst G. Sriharan forecasts that the insurance provider will post earnings per share of $0.32 for the year. Singular Research has a "Strong-Buy" rating on the stock. The consensus estimate for Citizens' current full-year earnings is $0.31 per share. Singular Research also issued estimates for Citizens' Q4 2024 earnings at $0.10 EPS, Q1 2025 earnings at $0.10 EPS, Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.10 EPS, Q4 2025 earnings at $0.09 EPS and FY2025 earnings at $0.38 EPS.

Citizens Stock Performance

NYSE:CIA traded up $0.02 on Wednesday, reaching $4.60. The company's stock had a trading volume of 29,142 shares, compared to its average volume of 72,241. The firm has a market cap of $229.59 million, a PE ratio of 10.65 and a beta of 0.11. The business's 50-day moving average price is $4.30 and its two-hundred day moving average price is $3.33. Citizens has a 1-year low of $1.78 and a 1-year high of $5.95.

Insider Buying and Selling at Citizens

In other Citizens news, CEO Jon Stenberg purchased 12,558 shares of the firm's stock in a transaction dated Thursday, September 5th. The stock was bought at an average cost of $2.96 per share, with a total value of $37,171.68. Following the purchase, the chief executive officer now directly owns 18,023 shares of the company's stock, valued at $53,348.08. The trade was a 229.79 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Ritholtz Wealth Management bought a new stake in Citizens during the 2nd quarter worth about $54,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Citizens in the third quarter valued at $82,000. Marietta Wealth Management LLC acquired a new position in Citizens during the second quarter worth $64,000. Barclays PLC raised its position in Citizens by 24.4% during the third quarter. Barclays PLC now owns 52,379 shares of the insurance provider's stock worth $189,000 after acquiring an additional 10,267 shares in the last quarter. Finally, Empowered Funds LLC grew its position in shares of Citizens by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 138,281 shares of the insurance provider's stock valued at $501,000 after acquiring an additional 6,968 shares during the period. Institutional investors and hedge funds 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.

Further Reading

Earnings History and Estimates for Citizens (NYSE:CIA)

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