Singular Research Weighs in on Citizens FY2024 Earnings

Citizens, Inc. (NYSE:CIA) – Stock analysts at Singular Research issued their FY2024 EPS estimates for Citizens in a research note issued on Monday, November 18th. Singular Research analyst G. Sriharan forecasts that the insurance provider will earn $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 $0.31 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 Down 1.7 %

NYSE:CIA opened at $4.58 on Wednesday. Citizens has a 52 week low of $1.78 and a 52 week high of $5.95. The company has a fifty day simple moving average of $4.30 and a two-hundred day simple moving average of $3.33. The company has a market cap of $228.59 million, a price-to-earnings ratio of 10.65 and a beta of 0.11.

Insider Buying and Selling

In related news, CEO Jon Stenberg purchased 12,558 shares of Citizens stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 18,023 shares in the company, valued at approximately $53,348.08. The trade was 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. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Citizens

Several hedge funds have recently made changes to their positions in CIA. First Eagle Investment Management LLC raised its position in Citizens by 26.8% in the 2nd quarter. First Eagle Investment Management LLC now owns 418,923 shares of the insurance provider’s stock valued at $1,139,000 after purchasing an additional 88,415 shares during the last quarter. Marietta Wealth Management LLC purchased a new position in shares of Citizens in the 2nd quarter valued at about $64,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Citizens during the 3rd quarter valued at approximately $82,000. Ritholtz Wealth Management acquired a new position in Citizens during the second quarter worth $54,000. Finally, Barclays PLC boosted its position in shares of Citizens by 24.4% in 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 in the last quarter. Hedge funds and other institutional investors own 13.73% of the company’s stock.

Citizens Company Profile

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.