Insider Buying: Citizens (NYSE:CIA) CEO Purchases $48,100.00 in Stock

Citizens, Inc. (NYSE:CIA) CEO Jon Stenberg bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were acquired at an average price of $4.81 per share, for a total transaction of $48,100.00. Following the completion of the transaction, the chief executive officer directly owned 208,930 shares in the company, valued at approximately $1,004,953.30. This represents a 5.03% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Citizens Trading Down 0.9%

Shares of NYSE:CIA opened at $4.59 on Friday. The company has a market cap of $230.60 million, a price-to-earnings ratio of 16.39 and a beta of 0.43. Citizens, Inc. has a 12 month low of $2.90 and a 12 month high of $6.40. The company has a 50-day moving average price of $5.47 and a 200 day moving average price of $5.46.

Citizens (NYSE:CIA) last issued its quarterly earnings data on Thursday, March 12th. The insurance provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. Citizens had a return on equity of 7.23% and a net margin of 5.71%.The business had revenue of $72.07 million for the quarter, compared to the consensus estimate of $67.89 million. As a group, equities analysts forecast that Citizens, Inc. will post 0.32 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Citizens in a research report on Wednesday, January 21st. Wall Street Zen raised shares of Citizens from a “hold” rating to a “buy” rating in a research note on Saturday. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Citizens has an average rating of “Hold”.

Institutional Trading of Citizens

Several institutional investors have recently added to or reduced their stakes in CIA. Vanguard Group Inc. increased its holdings in Citizens by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 2,441,277 shares of the insurance provider’s stock worth $12,817,000 after purchasing an additional 21,783 shares during the period. Continental General Insurance Co. lifted its holdings in shares of Citizens by 34.8% in the 4th quarter. Continental General Insurance Co. now owns 2,176,694 shares of the insurance provider’s stock worth $10,513,000 after buying an additional 562,419 shares during the period. Geode Capital Management LLC grew its position in shares of Citizens by 118.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,032,234 shares of the insurance provider’s stock worth $3,603,000 after buying an additional 558,840 shares in the last quarter. State Street Corp grew its position in shares of Citizens by 7.6% during the 4th quarter. State Street Corp now owns 617,732 shares of the insurance provider’s stock worth $2,984,000 after buying an additional 43,826 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in shares of Citizens by 4.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 473,232 shares of the insurance provider’s stock valued at $2,286,000 after buying an additional 21,963 shares during the period. Institutional investors own 13.73% of the company’s stock.

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.