Insider Buying: Citizens (NYSE:CIA) CEO Acquires $48,200.00 in Stock

Citizens, Inc. (NYSE:CIA) CEO Jon Stenberg bought 10,000 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were bought at an average cost of $4.82 per share, for a total transaction of $48,200.00. Following the completion of the acquisition, the chief executive officer directly owned 327,574 shares in the company, valued at approximately $1,578,906.68. This trade represents a 3.15% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Jon Stenberg also recently made the following trade(s):

• On Tuesday, March 17th, Jon Stenberg bought 10,000 shares of Citizens stock. The stock was bought at an average price of $4.81 per share, for a total transaction of $48,100.00.

Citizens Stock Performance

NYSE:CIA opened at $5.19 on Friday. The company has a market capitalization of $261.11 million, a PE ratio of 14.83 and a beta of 0.50. The company has a 50 day simple moving average of $5.19 and a two-hundred day simple moving average of $5.35. Citizens, Inc. has a fifty-two week low of $3.24 and a fifty-two week high of $6.40.

Citizens (NYSE:CIA) last posted its quarterly earnings data on Thursday, March 12th. The insurance provider reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. Citizens had a net margin of 7.12% and a return on equity of 7.21%. The company had revenue of $70.19 million for the quarter, compared to analyst estimates of $67.89 million. Research analysts predict that Citizens, Inc. will post 0.31 EPS for the current year.

Institutional Investors Weigh In On Citizens

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in Citizens by 4.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 42,753 shares of the insurance provider’s stock worth $224,000 after buying an additional 1,866 shares during the period. Nuveen LLC raised its stake in Citizens by 4.3% during the 4th quarter. Nuveen LLC now owns 61,184 shares of the insurance provider’s stock worth $296,000 after buying an additional 2,521 shares during the period. Deutsche Bank AG raised its stake in Citizens by 7.1% during the 4th quarter. Deutsche Bank AG now owns 40,968 shares of the insurance provider’s stock worth $198,000 after buying an additional 2,715 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Citizens by 6.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 70,353 shares of the insurance provider’s stock worth $340,000 after buying an additional 4,420 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Citizens by 31.5% during the third quarter. Bank of America Corp DE now owns 19,123 shares of the insurance provider’s stock worth $100,000 after purchasing an additional 4,582 shares during the period. 13.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CIA has been the topic of a number of analyst reports. Weiss Ratings raised shares of Citizens from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Wall Street Zen lowered Citizens from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Citizens

Citizens, Inc (NYSE:CIA) is a bank holding company headquartered in Conway, Arkansas. Through its wholly owned subsidiary, Citizens Bank of Northern Arkansas, the company provides commercial and consumer banking services to individuals, small businesses and corporate clients across Northern and Central Arkansas.

Citizens offers a range of deposit products, including checking accounts, savings accounts and certificates of deposit, alongside lending solutions such as residential mortgages, commercial real estate loans and consumer installment loans.