Citizens (NYSE:CIA) Issues Earnings Results, Misses Expectations By $0.06 EPS

Citizens (NYSE:CIA) issued its quarterly earnings results on Thursday. The insurance provider reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06), FiscalAI reports. The firm 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

Shares of NYSE:CIA traded down $0.76 during midday trading on Friday, reaching $3.81. 395,286 shares of the company’s stock were exchanged, compared to its average volume of 105,677. The company’s 50 day simple moving average is $5.39 and its two-hundred day simple moving average is $5.37. The firm has a market capitalization of $191.59 million, a PE ratio of 10.88 and a beta of 0.48. Citizens has a 12 month low of $3.72 and a 12 month high of $6.54.

Insider Buying and Selling at Citizens

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Citizens by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,441,277 shares of the insurance provider’s stock worth $12,817,000 after purchasing an additional 21,783 shares during the last quarter. Continental General Insurance Co. grew its stake in Citizens by 34.8% during the fourth quarter. Continental General Insurance Co. now owns 2,176,694 shares of the insurance provider’s stock worth $10,513,000 after buying an additional 562,419 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Citizens by 118.0% during the second quarter. Geode Capital Management LLC now owns 1,032,234 shares of the insurance provider’s stock worth $3,603,000 after buying an additional 558,840 shares in the last quarter. State Street Corp increased its holdings in shares of Citizens by 7.6% during the fourth quarter. State Street Corp now owns 617,732 shares of the insurance provider’s stock worth $2,984,000 after buying an additional 43,826 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in shares of Citizens by 4.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 473,232 shares of the insurance provider’s stock valued at $2,286,000 after acquiring an additional 21,963 shares during the last quarter. 13.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Citizens Company Profile

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.