Revenue Update on Citizens(NYSE:CIA)

Citizens(NYSE:CIA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Earnings per share were $0.03.

Citizens (CIA) shares turned negative on Wednesdays trading session with the shares closing down -0.33 points or -3.38% at a volume of 53,633. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $9.77. The peak price level was also seen at $9.77 while the days lowest was $9.31. Finally the shares closed at $9.42. The 52-week high of the shares is $10.28 while the 52-week low is $5.73. According to the latest information available, the market cap of the company is $472 M.

Several Insider Transactions has been reported to the SEC. On Jun 6, 2016, Robert B Jr Sloan (director) purchased 247 shares at $8.08 per share price.Also, On Apr 13, 2016, Rick D Riley (CEO) purchased 1,331 shares at $7.48 per share price.On Sep 28, 2015, Randall H. Riley (VP, International Division) sold 10,000 shares at $7.46 per share price, according to the Form-4 filing with the securities and exchange commission.

Citizens Inc. is an insurance holding company. The Company operates in three business segments: Life Insurance Home Service and Other Non-Insurance Enterprises. The Company’s Life Insurance segment issues ordinary whole life insurance domestically and in United States Dollar-denominated amounts to foreign residents. The Company’s Home Service Insurance segment operates in this market through its subsidiaries Security Plan Life Insurance Company (SPLIC) Magnolia Guaranty Life Insurance Company (MGLIC) and Security Plan Fire Insurance Company (SPFIC) and focuses on the life insurance needs of the middle and lower income markets primarily in Louisiana Mississippi and Arkansas. The Company’s Other Non-insurance Enterprises segment includes Computing Technology Inc. which provides data processing services to the Company and Insurance Investors Inc. which provides aviation transportation to the Company. This segment also includes the results of Citizens Inc. the parent Company.

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