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

Citizens, Inc. (NYSE:CIA) CEO Jon Stenberg acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were purchased at an average cost of $4.82 per share, for a total transaction of $48,200.00. Following the acquisition, the chief executive officer directly owned 327,574 shares in the company, valued at $1,578,906.68. This represents a 3.15% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

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

Citizens Stock Performance

Shares of NYSE:CIA traded up $0.22 during trading on Tuesday, hitting $5.16. 90,083 shares of the stock were exchanged, compared to its average volume of 102,591. Citizens, Inc. has a 1-year low of $3.24 and a 1-year high of $6.40. The company has a market capitalization of $259.55 million, a price-to-earnings ratio of 14.74 and a beta of 0.50. The company’s fifty day simple moving average is $5.16 and its 200-day simple moving average is $5.37.

Citizens (NYSE:CIA) last announced its quarterly earnings data on Thursday, March 12th. The insurance provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. Citizens had a return on equity of 7.21% and a net margin of 7.12%.The company had revenue of $70.19 million for the quarter, compared to analyst estimates of $67.89 million. On average, research analysts forecast that Citizens, Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CIA has been the topic of several recent analyst reports. Weiss Ratings raised 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 note on Sunday, March 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Citizens currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CIA. Bank of America Corp DE lifted 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 buying an additional 14,157 shares during the period. BNP Paribas Financial Markets grew its holdings 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 acquiring an additional 5,141 shares during the period. Alliancebernstein L.P. acquired a new stake in Citizens during the 3rd quarter worth $57,000. The Manufacturers Life Insurance Company bought a new stake in shares of Citizens during the 2nd quarter valued at $63,000. Finally, Brandywine Global Investment Management LLC bought a new stake in shares of Citizens during the 4th quarter valued at $84,000. Institutional investors own 13.73% of the company’s stock.

Citizens Company Profile

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.