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

Citizens (NYSE:CIA) released its quarterly earnings results on Thursday. The insurance provider reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01, Zacks reports. The business had revenue of $62.81 million for 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 Trading Up 6.6%

Shares of Citizens stock traded up $0.38 during trading on Friday, reaching $6.13. The stock had a trading volume of 182,111 shares, compared to its average volume of 162,420. Citizens has a 52 week low of $2.90 and a 52 week high of $6.25. The company has a market capitalization of $307.95 million, a price-to-earnings ratio of 27.86 and a beta of 0.41. The stock has a fifty day moving average price of $5.53 and a two-hundred day moving average price of $4.55.

Analyst Upgrades and Downgrades

CIA has been the topic of several analyst reports. Wall Street Zen upgraded Citizens from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings restated a “hold (c)” rating on shares of Citizens in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its stake in shares of Citizens by 3,686.7% in the 2nd 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 shares of Citizens during the 2nd quarter worth approximately $63,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Citizens in the 2nd quarter valued at $86,000. Invesco Ltd. acquired a new position in shares of Citizens during the 2nd quarter valued at $100,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Citizens during the 2nd quarter valued at $101,000. 13.73% of the stock is currently owned by institutional investors.

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.