A History of Outperforming Analyst Forecasts and Beating the Odds: Citizens Inc. (CIA)

Citizens Inc. (NYSE: CIA) stock fell -0.54% on Thursday to $1.83 against a previous-day closing price of $1.84. With 0.65 million shares changed hands, the volume of the stock remained heavier than its average volume of 91980.0 shares. During the session, the Insurance – Life company that operates in wider Financial sector, reached to the highest price of $1.9100 whereas the lowest price it dropped to was $1.7900. The 52-week range on CIA shows that it touched its highest point at $4.52 and its lowest point at $1.67 during that stretch. Beta for the stock currently stands at 0.16.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CIA was down-trending over the past week, with a drop of -17.57%, but this was down by -15.28% over a month. Three-month performance dropped to -37.54% while six-month performance fell -36.46%. The stock lost -44.21% in the past year, while it has lost -14.08% so far this year.

Float and Shares Shorts:

At present, 49.84 million CIA shares are outstanding with a float of 45.46 million shares on hand for trading. On Apr 27, 2023, short shares totaled 2.34 million, which was 4.70% higher than short shares on Mar 30, 2023. In addition to Mr. Gerald W. Shields as the firm’s Exec. Vice-Chairman, CEO & Pres, Mr. Jeffery Paul Conklin serves as its VP, CFO, Chief Investment Officer & Treasurer.

Institutional Ownership:

Through their ownership of 13.81% of CIA’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.19% of CIA, in contrast to 5.35% held by mutual funds. Shares owned by individuals account for 41.85%. As the largest shareholder in CIA with 4.22% of the stake, The Vanguard Group, Inc. holds 2,103,242 shares worth 2,103,242. A second-largest stockholder of CIA, BlackRock Fund Advisors, holds 807,094 shares, controlling over 1.62% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in CIA, holding 757,178 shares or 1.52% stake. With a 2.81% stake in CIA, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 1,402,435 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.27% of CIA stock, is the second-largest Mutual Fund holder. It holds 633,769 shares valued at 1.32 million. DFA US Micro Cap Portfolio holds 0.63% of the stake in CIA, owning 312,674 shares worth 0.65 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CIA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CIA analysts setting a high price target of $7.50 and a low target of $7.50, the average target price over the next 12 months is $7.50. Based on these targets, CIA could surge 309.84% to reach the target high and rise by 309.84% to reach the target low. Reaching the average price target will result in a growth of 309.84% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded CIA stock several times over the past three months with 7 Buys and 4 Sells. In these transactions, 24,116 shares were bought while 6,112 shares were sold. The number of buy transactions has increased to 89 while that of sell transactions has risen to 8 over the past year. The total number of shares bought during that period was 160,682 while 16,386 shares were sold.