Citizens, Inc. (NYSE:CIA) CEO Acquires $413,662.60 in Stock

Citizens, Inc. (NYSE:CIA) CEO Jon Stenberg bought 106,340 shares of Citizens stock in a transaction on Monday, April 7th. The shares were bought at an average cost of $3.89 per share, with a total value of $413,662.60. Following the acquisition, the chief executive officer now directly owns 124,363 shares in the company, valued at approximately $483,772.07. This represents a 590.02 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Citizens Stock Performance

Citizens stock opened at $4.02 on Friday. Citizens, Inc. has a fifty-two week low of $1.78 and a fifty-two week high of $5.95. The stock has a market cap of $200.63 million, a P/E ratio of 9.35 and a beta of 0.26. The firm’s fifty day moving average price is $4.80 and its 200-day moving average price is $4.58.

Citizens (NYSE:CIA) last announced its earnings results on Thursday, March 13th. The insurance provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.03). The company had revenue of $63.47 million for the quarter, compared to the consensus estimate of $64.66 million. Citizens had a net margin of 8.87% and a return on equity of 11.50%. Sell-side analysts predict that Citizens, Inc. will post 0.32 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Jefferies Financial Group Inc. lifted its stake in Citizens by 9.4% in the fourth quarter. Jefferies Financial Group Inc. now owns 36,976 shares of the insurance provider’s stock worth $148,000 after purchasing an additional 3,176 shares during the last quarter. Alpine Global Management LLC bought a new stake in shares of Citizens in the 4th quarter valued at about $41,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Citizens in the 4th quarter valued at about $63,000. Millennium Management LLC grew its position in Citizens by 49.2% during the 4th quarter. Millennium Management LLC now owns 202,347 shares of the insurance provider’s stock worth $811,000 after acquiring an additional 66,718 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in Citizens by 0.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 427,347 shares of the insurance provider’s stock worth $1,714,000 after purchasing an additional 3,235 shares during the period. 13.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Citizens from a “sell” rating to a “hold” rating in a research report on Friday, April 4th.

Citizens Company Profile

Citizens, Inc provides life insurance products in the United States and internationally. The company operates in two segments, Life Insurance and Home Service Insurance. The Life Insurance segment issues ordinary whole life insurance and endowment policies in the United States dollar-denominated amounts to non-U.S.