Citizens, Inc.
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Range $3.7 – $3.7
Price Chart
About the company
Citizens, Inc. operates as an insurance provider, delivering a variety of life insurance solutions to both domestic U. S.
- CEO
- Jon Scott Stenberg
- IPO
- 1980
- Employees
- 245
- HQ
- Austin, TX, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $178.45M
- P/E
- 15.03
- Fwd P/E
- 19.61
- PEG
- 0.15
- P/S
- 0.70
- P/B
- 0.75
- EV/EBITDA
- 10.92
- Div Yield
- 0.00%
- Gross Margin
- 33.39%
- Op Margin
- 5.60%
- Net Margin
- 4.57%
- ROE
- 4.96%
- ROIC
- 0.68%
Latest fiscal year · YoY change
- Revenue
- $255.62M+4.3%
- Gross Profit
- $90.59M-25.6%
- Op Income
- $17.47M
- Net Income
- $14.59M-2.2%
- EPS
- $0.29+0.0%
- OCF Growth
- -43.6%
- FCF Growth
- -43.9%
- 52W High
- $6.54
- 52W Low
- $3.38
- 50D MA
- $3.83
- 200D MA
- $4.98
- Beta
- 0.47
- RSI (14)
- 43
- Avg Volume
- 127.68K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Citizens said third-quarter 2014 net income improved at a double-digit rate, helped by higher premium revenue, better investment yields, and lower claims, while Magnolia integration continued to progress.· November 6, 2014
- Net income rose double digits in both the quarter and year to date, according to management.
- Life premiums increased 7.8% in the quarter and 6.2% year to date, driven by first-year and renewal premiums.
- Investment income yields improved to 4.22%, up from roughly the 3.6% range during the low-rate period.
- Magnolia Guaranty Life was fully transitioned into back-office operations during the quarter, with management saying retention has been strong.
- Headwinds included higher surrender expense and slightly higher commissions, while claims and general expenses were favorable overall.
Management did not state revenue or EPS in the prepared remarks, but said net income increased by double digits for both the three-month period and year to date. In the life segment, insurance premiums increased 7.8% for the quarter and 6.2% year to date versus 2013; first-year premium increased 9.1% year over year; death claims were down 13.2% for the quarter; surrender expense increased 19.8% for the quarter and 9% year to date; and other general expenses decreased 3.4% in the segment. In the Home Service segment, premiums were up over 4% year to date, largely from Magnolia, and property claims were lower due to the lack of weather events. Investment yields rose to 4.22%, and the company recorded $300,000 of other-than-temporary impairment charges this quarter. For the balance sheet, net unrealized gains on fixed-maturity bonds increased from $5.1 million at December 31, 2013 to $40.2 million at September 30, 2014. Management said it expects continued yield improvement into late 2014 and early 2015, but no formal next-quarter or full-year guidance was given.
Rick Riley struck an optimistic, execution-focused tone, emphasizing growth in premium revenue, strong persistency, and better investment yields. He said Magnolia had been fully transitioned into back-office operations and that retention of acquired business has been better than typical, while also noting the company still has capacity and interest for acquisitions. He framed Citizens as a healthy company operating in niche markets and said management was pleased with third-quarter results.
Kay Osbourn focused on the underlying drivers of the quarter: life premium growth of 7.8% for the quarter and 6.2% year to date, with renewals accounting for over 85% of premiums. She highlighted death claims down 13.2% in the quarter, surrender expense up 19.8% in the quarter, commissions rising with first-year business, and other general expenses down 3.4% in the life segment. On investments, she noted $300,000 of impairment charges, more than 96% of holdings rated BBB or better, AA-rated holdings declining to 45.7% from 46.9% at year-end 2013, and that RBC ratios remained well above minimums.
There was no real Q&A because no analysts asked questions before the call ended. Management did, however, address a few likely concerns preemptively, including Magnolia integration, with Riley saying the transition was complete and business retention was strong. They also addressed acquisitions, saying there were ongoing discussions but nothing formal to report.
The call showed multiple sources of improvement: premium growth in the life business, stronger renewals, lower claims, and better investment yields. Management also sounded encouraged by Magnolia integration and said the company remains well positioned to pursue acquisitions.
Surrender expense rose meaningfully, and management noted lower persistency in the Home Service block, which was pressuring DAC amortization. Investment returns are still constrained by the low-rate environment, and the company also booked $300,000 of impairment charges on short-duration bond funds it no longer intends to hold.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 89.3%
- Shares Outstanding
- 50.55M
- Float Shares
- 45.12M
of shares held by institutions
73 13F filers
Buy/sell ratio 2.60. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock, Inc. | 3.58M | ▲ 311.27K |
| Continental General Insurance Co | 2.65M | ▲ 96.27K |
| Vanguard Group Inc | 2.50M | ▲ 59.86K |
| Vanguard Capital Management LLC | 1.99M | ▲ 30.03K |
| Ubs Group AG | 1.19M | ▲ 542.28K |
| Geode Capital Management, LLC | 1.12M | ▲ 68.44K |
| State Street Corp | 667.71K | ▼ 752 |
| First Eagle Investment Management, LLC | 584.05K | ▲ 1.30K |
| Bridgeway Capital Management, LLC | 512.71K | ▲ 18.29K |
| Northern Trust Corp | 377.52K | ▲ 33.04K |
| Vanguard Portfolio Management LLC | 307.50K | ▲ 47.30K |
| Vanguard Fiduciary Trust Co | 304.81K | ▲ 15.99K |
Held by 93 ETFs
Biggest fund positions in CIA by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 31, 26 | HARWOOD MICHAEL PHILIP | buy | 10,000 |
| Aug 28, 26 | HARWOOD MICHAEL PHILIP | other | 255.518 |
| Jul 29, 26 | HARWOOD MICHAEL PHILIP | other | 209.41 |
| Jul 2, 26 | HARWOOD MICHAEL PHILIP | other | 167.599 |
| Aug 15, 26 | Guerrero Paula L | other | 2,709 |
| Aug 15, 26 | Guerrero Paula L | other | 796 |
| Jul 31, 26 | Guerrero Paula L | other | 209.41 |
| Jul 2, 26 | Guerrero Paula L | other | 167.599 |
| May 29, 26 | Guerrero Paula L | other | 190.049 |
| May 5, 26 | Guerrero Paula L | other | 181.407 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our CIA coverage
Recent articles, reports, and earnings notes.
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