Citizens (NYSE:CIA) Releases Quarterly Earnings Results

Citizens (NYSE:CIA) issued its quarterly earnings results on Thursday. The insurance provider reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06), FiscalAI reports. The business had revenue of $61.90 million for the quarter, compared to the consensus estimate of $63.85 million. Citizens had a net margin of 7.12% and a return on equity of 7.21%.

Citizens Stock Performance

CIA traded down $0.76 during trading on Friday, reaching $3.81. The stock had a trading volume of 395,286 shares, compared to its average volume of 105,677. The business has a 50-day moving average of $5.39 and a 200-day moving average of $5.37. Citizens has a one year low of $3.72 and a one year high of $6.54. The stock has a market cap of $191.59 million, a PE ratio of 10.88 and a beta of 0.48.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Citizens from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Citizens has a consensus rating of “Hold”.

Insider Transactions at Citizens

In other news, CEO Jon Stenberg acquired 10,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was purchased at an average cost of $4.82 per share, for a total transaction of $48,200.00. Following the acquisition, the chief executive officer owned 327,574 shares of the company’s stock, valued at $1,578,906.68. This trade represents a 3.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Citizens

Hedge funds have recently made changes to their positions in the business. Invesco Ltd. boosted its stake in shares of Citizens by 28.5% in the 4th quarter. Invesco Ltd. now owns 39,301 shares of the insurance provider’s stock valued at $190,000 after purchasing an additional 8,721 shares in the last quarter. Empowered Funds LLC raised its position in Citizens by 12.7% in the 4th quarter. Empowered Funds LLC now owns 220,243 shares of the insurance provider’s stock worth $1,064,000 after purchasing an additional 24,905 shares during the period. Bridgeway Capital Management LLC raised its position in Citizens by 4.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 473,232 shares of the insurance provider’s stock worth $2,286,000 after purchasing an additional 21,963 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Citizens by 6.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 70,353 shares of the insurance provider’s stock worth $340,000 after purchasing an additional 4,420 shares during the last quarter. Finally, Barclays PLC lifted its stake in Citizens by 6.8% in the fourth quarter. Barclays PLC now owns 215,908 shares of the insurance provider’s stock worth $1,043,000 after purchasing an additional 13,689 shares during the last quarter. 13.73% of the stock is currently owned by institutional investors.

About Citizens

Citizens, Inc (NYSE:CIA) is a bank holding company headquartered in Conway, Arkansas. Through its wholly owned subsidiary, Citizens Bank of Northern Arkansas, the company provides commercial and consumer banking services to individuals, small businesses and corporate clients across Northern and Central Arkansas.

Citizens offers a range of deposit products, including checking accounts, savings accounts and certificates of deposit, alongside lending solutions such as residential mortgages, commercial real estate loans and consumer installment loans.