Insider Buying: Citizens (NYSE:CIA) Insider Acquires 5,376 Shares

Citizens, Inc. (NYSE:CIA) insider Seth Alan Hoxworth bought 5,376 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was purchased at an average cost of $3.83 per share, for a total transaction of $20,590.08. Following the transaction, the insider owned 11,194 shares of the company’s stock, valued at $42,873.02. This trade represents a 92.40% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Citizens Stock Performance

Shares of CIA traded up $0.04 during midday trading on Thursday, hitting $3.96. 38,090 shares of the stock were exchanged, compared to its average volume of 113,811. Citizens, Inc. has a 52-week low of $3.56 and a 52-week high of $6.54. The stock has a fifty day simple moving average of $5.30 and a 200 day simple moving average of $5.33. The firm has a market cap of $199.19 million, a P/E ratio of 18.86 and a beta of 0.48.

Citizens (NYSE:CIA) last issued its quarterly earnings data on Thursday, August 6th. The insurance provider reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The firm had revenue of $61.90 million during the quarter, compared to analyst estimates of $63.85 million. Citizens had a net margin of 4.55% and a return on equity of 4.73%. As a group, equities research analysts forecast that Citizens, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Citizens from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Citizens currently has a consensus rating of “Hold”.

Institutional Trading of Citizens

Several hedge funds have recently modified their holdings of CIA. Bank of America Corp DE boosted its holdings in Citizens by 3,686.7% in the second quarter. Bank of America Corp DE now owns 14,541 shares of the insurance provider’s stock valued at $51,000 after purchasing an additional 14,157 shares during the period. BNP Paribas Financial Markets grew its stake in Citizens by 92.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,724 shares of the insurance provider’s stock worth $56,000 after purchasing an additional 5,141 shares in the last quarter. Alliancebernstein L.P. purchased a new stake in Citizens during the 3rd quarter worth about $57,000. The Manufacturers Life Insurance Company purchased a new stake in Citizens during the 2nd quarter worth about $63,000. Finally, Brandywine Global Investment Management LLC acquired a new stake in Citizens in the 4th quarter valued at about $84,000. 13.73% of the stock is currently owned by institutional investors and hedge funds.

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.