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NEW YORK - Citizens, Inc. (NYSE:CIA), currently trading at $3.70 with a market capitalization of $185.55 million, has been selected to rejoin the Russell 3000® and small-cap Russell 2000® indexes effective June 30, 2025, as part of the annual Russell indexes reconstitution, the company announced Monday. The stock has shown strong momentum with a 7.56% gain over the past week.
The Russell indexes, maintained by FTSE Russell, are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell US indexes, according to data from June 2024.
The annual reconstitution captures the 3,000 largest US stocks as of April 30, ranking them by total market capitalization. Membership in these indexes remains in place for one year.
"We are honored to rejoin the globally recognized Russell 3000® and 2000® indexes," said Jon Stenberg, President and Chief Executive Officer of Citizens, in the press release. "This milestone reflects our highest-ever total direct insurance in force of $5.28 billion."According to InvestingPro analysis, Citizens shows promising potential with analysts forecasting profitability this year and setting a target price of $5.00. InvestingPro subscribers have access to 6 additional key insights about the company’s performance and outlook.
Citizens, Inc. is a financial services company specializing in life, living benefits, and final expense insurance products for customers in the U.S., Latin America, and Asia. The company operates through two primary segments: Life Insurance and Home Service Insurance. InvestingPro data shows the company maintains a Fair Value above its current trading price, suggesting potential upside opportunity. The company has demonstrated profitability over the last twelve months with a gross profit margin of 25.47%.
The company noted in its statement that it has maintained positive cash flow from operations annually since 2004. This strong track record is reflected in the company’s financial health metrics, with detailed analysis available in the comprehensive Pro Research Report, one of 1,400+ deep-dive reports available exclusively on InvestingPro.
FTSE Russell, which is wholly owned by London Stock Exchange Group, calculates thousands of indexes measuring markets and asset classes in more than 70 countries, covering 98% of the investable market globally.
In other recent news, Citizens Inc. announced the resignation of its former CEO, Gerald W. Shields, from the board. Shields, who served as the only non-independent director, submitted his resignation on April 2, 2025, with an effective date of April 15, 2025. The board has not suggested that his departure was due to any disagreements with company operations, policies, or practices. Citizens Inc. has not yet named a successor or provided details about the search for a new CEO. This leadership change occurs as the company navigates the competitive life insurance sector. The company’s statement did not elaborate on future plans or how this transition might impact its strategic direction. Investors and stakeholders are expected to closely watch the company’s subsequent steps, given the potential impact of leadership changes on publicly traded companies.
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