What is Sidoti Csr’s Estimate for Citizens FY2024 Earnings?

Citizens, Inc. (NYSE:CIA) – Equities researchers at Sidoti Csr cut their FY2024 earnings per share estimates for Citizens in a research note issued to investors on Friday, November 8th. Sidoti Csr analyst B. Mccarthy now anticipates that the insurance provider will post earnings per share of $0.32 for the year, down from their previous estimate 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 Price Performance

NYSE:CIA opened at $4.47 on Monday. Citizens has a 1-year low of $1.78 and a 1-year high of $5.95. The company has a 50-day moving average of $4.13 and a 200 day moving average of $3.23. The firm has a market cap of $222.92 million, a PE ratio of 10.40 and a beta of 0.11.

Hedge Funds Weigh In On Citizens

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ritholtz Wealth Management bought a new position in Citizens in the second quarter worth about $54,000. Marietta Wealth Management LLC bought a new position in shares of Citizens during the 2nd quarter worth approximately $64,000. Empowered Funds LLC raised 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 acquiring an additional 9,112 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its stake in shares of Citizens by 69.1% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 13.73% of the company’s stock.

Insider Activity

In other Citizens news, CEO Jon Stenberg acquired 12,558 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were purchased at an average cost of $2.96 per share, for a total transaction of $37,171.68. Following the completion of the purchase, the chief executive officer now owns 18,023 shares in the company, valued at approximately $53,348.08. This trade represents a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last quarter, insiders acquired 16,449 shares of company stock worth $47,864. 1.20% of the stock is currently owned by corporate insiders.

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.