Citizens, Inc. (NYSE:CIA – Get Free Report) crossed above its two hundred day moving average during trading on Thursday following a better than expected earnings announcement. The stock has a two hundred day moving average of $4.35 and traded as high as $4.61. Citizens shares last traded at $4.54, with a volume of 88,802 shares trading hands.
The insurance provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). Citizens had a net margin of 8.87% and a return on equity of 11.50%. The business had revenue of $63.47 million for the quarter, compared to the consensus estimate of $64.66 million.
Analyst Ratings Changes
Separately, Singular Research raised shares of Citizens to a “strong-buy” rating in a report on Monday, November 18th.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in CIA. Empowered Funds LLC grew its position in shares of Citizens by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 138,281 shares of the insurance provider’s stock valued at $501,000 after purchasing an additional 6,968 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Citizens during the 3rd quarter valued at $82,000. Barclays PLC grew its position in Citizens by 24.4% in the third quarter. Barclays PLC now owns 52,379 shares of the insurance provider’s stock worth $189,000 after acquiring an additional 10,267 shares in the last quarter. Geode Capital Management LLC grew its position in Citizens by 2.3% in the third quarter. Geode Capital Management LLC now owns 458,886 shares of the insurance provider’s stock worth $1,662,000 after acquiring an additional 10,235 shares in the last quarter. Finally, Ritholtz Wealth Management grew its position in Citizens by 6.7% in the fourth quarter. Ritholtz Wealth Management now owns 46,116 shares of the insurance provider’s stock worth $185,000 after acquiring an additional 2,901 shares in the last quarter. 13.73% of the stock is currently owned by hedge funds and other institutional investors.
Citizens Stock Up 4.5 %
The firm’s 50-day moving average is $4.79 and its 200-day moving average is $4.35. The company has a market capitalization of $234.06 million, a PE ratio of 10.91 and a beta of 0.11.
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.
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