Citizens (NYSE:CIA) Rating Increased to Strong-Buy at Singular Research

Singular Research upgraded shares of Citizens (NYSE:CIA) to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports. Singular Research also issued estimates for Citizens’ Q4 2024 earnings at $0.10 EPS, FY2024 earnings at $0.32 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 Up 1.3 %

Shares of Citizens stock opened at $4.64 on Monday. Citizens has a twelve month low of $1.78 and a twelve month high of $5.95. The company’s 50 day moving average is $4.34 and its 200 day moving average is $3.34. The company has a market cap of $231.58 million, a price-to-earnings ratio of 10.79 and a beta of 0.11.

Insider Buying and Selling

In related news, CEO Jon Stenberg acquired 12,558 shares of Citizens stock in a transaction dated Thursday, September 5th. The stock was purchased at an average cost 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 of the company’s stock, valued at approximately $53,348.08. This trade represents a 229.79 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Ritholtz Wealth Management bought a new stake in shares of Citizens during the 2nd quarter valued at $54,000. Marietta Wealth Management LLC bought a new position in shares of Citizens in the second quarter worth about $64,000. First Eagle Investment Management LLC grew its position in shares of 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. Barclays PLC raised its stake in Citizens by 24.4% during the 3rd quarter. Barclays PLC now owns 52,379 shares of the insurance provider’s stock valued at $189,000 after purchasing an additional 10,267 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Citizens by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 458,886 shares of the insurance provider’s stock worth $1,662,000 after purchasing an additional 10,235 shares in the last quarter. Institutional investors own 13.73% of the company’s stock.

About Citizens

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.