Singular Research Comments on Citizens FY2024 Earnings

Citizens, Inc. (NYSE:CIA) – Analysts at Singular Research issued their FY2024 earnings per share (EPS) estimates for Citizens in a research report issued on Monday, November 18th. Singular Research analyst G. Sriharan anticipates that the insurance provider will post earnings per share of $0.32 for the year. Singular Research currently 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 Up 1.3 %

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

Insider Transactions at Citizens

In other Citizens news, CEO Jon Stenberg bought 12,558 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were purchased 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 of the company’s stock, valued at approximately $53,348.08. This represents a 229.79 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Citizens

Several institutional investors have recently bought and sold shares of CIA. Ritholtz Wealth Management bought a new stake in Citizens during the 2nd quarter valued at $54,000. Marietta Wealth Management LLC bought a new stake in Citizens during the 2nd quarter valued at $64,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Citizens in the third quarter worth $82,000. Barclays PLC increased its holdings in shares of Citizens by 24.4% in the third quarter. Barclays PLC now owns 52,379 shares of the insurance provider’s stock worth $189,000 after purchasing an additional 10,267 shares during the period. Finally, Empowered Funds LLC increased its holdings in shares of Citizens by 5.3% in the third quarter. Empowered Funds LLC now owns 138,281 shares of the insurance provider’s stock worth $501,000 after purchasing an additional 6,968 shares during the period. Hedge funds and other 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.