UTG (OTCMKTS:UTGN – Get Free Report) announced its earnings results on Thursday. The insurance provider reported $2.19 earnings per share for the quarter, Zacks reports.
UTG Price Performance
UTG stock remained flat at $60.50 during mid-day trading on Thursday. The company had a trading volume of 653 shares, compared to its average volume of 14. The business has a 50 day simple moving average of $58.85 and a two-hundred day simple moving average of $56.61. UTG has a 1-year low of $48.69 and a 1-year high of $65.73. The company has a market capitalization of $189.37 million, a price-to-earnings ratio of 5.33 and a beta of 0.02.
About UTG
UTG, Inc. is an insurance holding company that provides life insurance and annuity products through its operating subsidiaries. Its offerings include traditional life insurance products, such as whole life and term insurance, as well as other individual life insurance policies and annuity contracts. The company primarily serves policyholders in the United States through independent agents and other insurance distribution channels. Its business is focused on underwriting and administering insurance policies, managing related investments and meeting long-term obligations to policyholders and beneficiaries.
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