Analysts Offer Predictions for Citizens FY2024 Earnings

Citizens, Inc. (NYSE:CIA) – Stock analysts at Singular Research issued their FY2024 earnings estimates for Citizens in a research report issued on Monday, November 18th. Singular Research analyst G. Sriharan forecasts that the insurance provider will post earnings of $0.32 per share for the year. Singular Research has a “Strong-Buy” rating on the stock. The consensus estimate for Citizens’ current full-year earnings is $0.32 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 Up 3.2 %

Shares of CIA stock opened at $4.80 on Wednesday. Citizens has a 52-week low of $1.78 and a 52-week high of $5.95. The stock has a market cap of $239.55 million, a PE ratio of 11.16 and a beta of 0.11. The business has a 50-day simple moving average of $4.34 and a 200-day simple moving average of $3.34.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ritholtz Wealth Management purchased a new position in shares of Citizens in the 2nd quarter valued at about $54,000. Marietta Wealth Management LLC acquired a new stake in Citizens in the second quarter valued at approximately $64,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Citizens in the third quarter valued at approximately $82,000. Barclays PLC raised its stake in shares of Citizens by 24.4% during the 3rd quarter. Barclays PLC now owns 52,379 shares of the insurance provider’s stock worth $189,000 after buying an additional 10,267 shares during the period. Finally, Empowered Funds LLC lifted its position in shares of Citizens by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 138,281 shares of the insurance provider’s stock valued at $501,000 after buying an additional 6,968 shares in the last quarter. Hedge funds and other institutional investors own 13.73% of the company’s stock.

Insider Buying and Selling at Citizens

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 229.79 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

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.