Citizens (NYSE:CIA) CEO Jon Stenberg Purchases 10,000 Shares

Citizens, Inc. (NYSE:CIA) CEO Jon Stenberg purchased 10,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was bought at an average cost of $4.82 per share, with a total value of $48,200.00. Following the completion of the acquisition, the chief executive officer owned 327,574 shares of the company’s stock, valued at approximately $1,578,906.68. The trade was a 3.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

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

Citizens Stock Up 2.8%

NYSE CIA opened at $5.08 on Wednesday. Citizens, Inc. has a fifty-two week low of $3.24 and a fifty-two week high of $6.40. The stock has a market cap of $255.52 million, a price-to-earnings ratio of 14.51 and a beta of 0.50. The business has a fifty day moving average of $5.17 and a 200-day moving average of $5.36.

Citizens (NYSE:CIA) last released its quarterly earnings results on Thursday, March 12th. The insurance provider reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $67.89 million. As a group, analysts anticipate that Citizens, Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

CIA has been the subject of several analyst reports. Weiss Ratings upgraded 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 investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Citizens

Several institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in Citizens by 15.7% in the first quarter. Bank of America Corp DE now owns 42,405 shares of the insurance provider’s stock valued at $213,000 after purchasing an additional 5,746 shares during the last quarter. Empowered Funds LLC increased its stake in Citizens by 8.3% in the first quarter. Empowered Funds LLC now owns 238,487 shares of the insurance provider’s stock valued at $1,200,000 after purchasing an additional 18,244 shares during the last quarter. Invesco Ltd. increased its stake in Citizens by 28.5% in the fourth quarter. Invesco Ltd. now owns 39,301 shares of the insurance provider’s stock valued at $190,000 after purchasing an additional 8,721 shares during the last quarter. Bridgeway Capital Management LLC increased its stake in Citizens by 4.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 473,232 shares of the insurance provider’s stock valued at $2,286,000 after purchasing an additional 21,963 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Citizens by 6.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 70,353 shares of the insurance provider’s stock valued at $340,000 after purchasing an additional 4,420 shares during the last quarter. 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.