Citizens (NYSE:CIA) Announces Quarterly Earnings Results, Misses Estimates By $0.06 EPS

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

Citizens Stock Down 16.7%

Shares of NYSE CIA traded down $0.76 during midday trading on Friday, reaching $3.81. 395,286 shares of the stock were exchanged, compared to its average volume of 105,677. The firm has a market cap of $191.59 million, a price-to-earnings ratio of 10.88 and a beta of 0.48. The firm has a 50-day simple moving average of $5.39 and a two-hundred day simple moving average of $5.37. Citizens has a twelve month low of $3.72 and a twelve month high of $6.54.

Insider Activity

In other news, CEO Jon Stenberg bought 10,000 shares of the firm’s stock in a transaction that occurred on 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 purchase, the chief executive officer directly owned 327,574 shares in the company, valued at approximately $1,578,906.68. This trade represents a 3.15% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in shares of Citizens by 142.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 199,809 shares of the insurance provider’s stock worth $909,000 after acquiring an additional 117,502 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Citizens by 8.2% in the 1st quarter. Empowered Funds LLC now owns 157,169 shares of the insurance provider’s stock valued at $715,000 after purchasing an additional 11,853 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Citizens by 133.6% in the 1st quarter. Jane Street Group LLC now owns 169,308 shares of the insurance provider’s stock valued at $770,000 after purchasing an additional 96,836 shares in the last quarter. Geode Capital Management LLC raised its holdings in Citizens by 118.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,032,234 shares of the insurance provider’s stock worth $3,603,000 after purchasing an additional 558,840 shares during the period. Finally, New York State Common Retirement Fund acquired a new position in Citizens in the 2nd quarter worth about $101,000. Institutional investors and hedge funds own 13.73% of the company’s stock.

Analysts Set New Price Targets

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

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.