Citizens (NYSE:CIA) Releases Earnings Results, Beats Expectations By $0.01 EPS

Citizens (NYSE:CIA) posted its quarterly earnings data on Thursday. The insurance provider reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01, Zacks reports. The business had revenue of $62.81 million during the quarter, compared to the consensus estimate of $63.46 million. Citizens had a net margin of 4.57% and a return on equity of 6.42%.

Citizens Price Performance

Shares of NYSE CIA traded up $0.38 during mid-day trading on Friday, hitting $6.13. The company had a trading volume of 182,111 shares, compared to its average volume of 162,420. Citizens has a 12 month low of $2.90 and a 12 month high of $6.25. The firm has a market cap of $307.95 million, a P/E ratio of 27.86 and a beta of 0.41. The business’s 50-day simple moving average is $5.53 and its 200-day simple moving average is $4.55.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CIA shares. Weiss Ratings restated a “hold (c)” rating on shares of Citizens in a report on Wednesday, October 8th. Wall Street Zen upgraded Citizens from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Institutional Trading of Citizens

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE increased its position in shares of Citizens by 3,686.7% during the second quarter. Bank of America Corp DE now owns 14,541 shares of the insurance provider’s stock valued at $51,000 after purchasing an additional 14,157 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in Citizens during the second quarter worth $63,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Citizens in the 2nd quarter valued at $86,000. Invesco Ltd. bought a new stake in Citizens in the 2nd quarter valued at $100,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Citizens in the 2nd quarter valued at $101,000. 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.