Sidoti Csr Weighs in on Citizens’ FY2024 Earnings (NYSE:CIA)

Citizens, Inc. (NYSE:CIA) – Equities research analysts at Sidoti Csr lowered their FY2024 earnings per share (EPS) estimates for shares of Citizens in a report released on Friday, November 8th. Sidoti Csr analyst B. Mccarthy now expects that the insurance provider will post earnings of $0.32 per share for the year, down from their prior forecast of $0.33. The consensus estimate for Citizens’ current full-year earnings is $0.31 per share. Sidoti Csr also issued estimates for Citizens’ Q4 2024 earnings at $0.09 EPS, Q1 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.09 EPS, Q4 2025 earnings at $0.11 EPS and FY2025 earnings at $0.38 EPS.

Citizens Stock Performance

CIA opened at $4.38 on Monday. Citizens has a fifty-two week low of $1.78 and a fifty-two week high of $5.95. The firm has a 50-day moving average of $4.16 and a 200 day moving average of $3.25. The firm has a market cap of $218.43 million, a P/E ratio of 10.19 and a beta of 0.11.

Insider Buying and Selling at Citizens

In related 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 price of $2.96 per share, for a total transaction of $37,171.68. Following the purchase, the chief executive officer now directly owns 18,023 shares in the company, valued at approximately $53,348.08. This trade represents a 200.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. First Eagle Investment Management LLC raised its stake in Citizens by 69.1% in the 1st quarter. First Eagle Investment Management LLC now owns 330,508 shares of the insurance provider’s stock valued at $707,000 after acquiring an additional 135,069 shares during the period. Marietta Wealth Management LLC purchased a new position in shares of Citizens in the second quarter worth about $64,000. Ritholtz Wealth Management bought a new stake in shares of Citizens in the second quarter valued at approximately $54,000. Finally, Empowered Funds LLC lifted 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 valued at $261,000 after buying an additional 9,112 shares in the last quarter. Institutional investors own 13.73% of the company’s stock.

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.