Kansas City Life Insurance Co. experienced a notable increase in short interest during December, with a rise of 35.0% from the previous month. As of December 15, 2023, the total short interest stood at 166 shares, up from 123 shares recorded on November 30, 2023. This figure represents approximately 0.0% of the company’s outstanding shares sold short, indicating minimal market speculation against the stock.
With an average daily trading volume of 3,857 shares, the days-to-cover ratio is effectively 0.0 days. This low ratio suggests that current trading activity does not warrant significant concern regarding short-term liquidity for investors.
Stock Performance Overview
Kansas City Life Insurance’s stock opened at $32.10 on Thursday. The company’s performance metrics reveal a 50-day moving average of $31.68 and a 200-day moving average of $32.12. The firm holds a market capitalization of $310.73 million and has a price-to-earnings ratio of -8.72, indicating ongoing financial challenges. Additionally, the stock has fluctuated between a fifty-two week low of $27.45 and a fifty-two week high of $36.67.
The company last reported its quarterly earnings results on October 31, 2023, where it posted earnings per share (EPS) of $0.33 and generated revenues of $123.78 million for the quarter. The firm has faced challenges, evidenced by a negative return on equity of 0.01% and a negative net margin of 7.41%.
Company Background
Kansas City Life Insurance Company, publicly traded under the symbol KCLI, was founded in 1895 and is headquartered in Kansas City, Missouri. With over a century of experience, the company has established itself as a provider of life insurance and retirement products throughout the United States. Its core offerings include individual life insurance policies—ranging from term life to universal and whole life—as well as fixed annuities aimed at helping clients build and preserve their wealth.
As investors monitor the company’s performance and short interest, the ongoing financial landscape will be crucial for determining future stock movements and investment decisions.
