** Citi lowers EPS estimates for Insignia Financial IFL.AX after wealth manager posts decline in funds under management and administration (FUMA) as at March 31

** Brokerage says Insignia's FUMA as at June 30 will now likely be lower than forecast

** Brokerage lowers EPS estimates for FY25 by 2% and by 5% for both FY26 and FY27

** Says market volatility may have some impact on co's Q4 results

** All five analysts covering the stock rate it "hold"; their median PT is A$4.50 – LSEG data

** Stock up 4.8% this year, as of last close

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))