Key Points
- Citizens CEO Jon Stenberg bought 10,000 shares of the company at an average price of $4.82, increasing his direct holdings to 327,574 shares worth about $1.58 million.
- The purchase follows a similar insider buy in March, when Stenberg also acquired 10,000 shares, suggesting continued insider confidence in the stock.
- Citizens recently reported better-than-expected quarterly results, with EPS of $0.11 versus the $0.08 estimate and revenue of $70.19 million topping forecasts.
Citizens, Inc. (NYSE:CIA - Get Free Report) CEO Jon Stenberg purchased 10,000 shares of the company's stock in a transaction on Thursday, May 21st. The shares were purchased at an average price of $4.82 per share, with a total value of $48,200.00. Following the completion of the purchase, the chief executive officer directly owned 327,574 shares of the company's stock, valued at $1,578,906.68. The trade was a 3.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Jon Stenberg also recently made the following trade(s):
- On Tuesday, March 17th, Jon Stenberg purchased 10,000 shares of Citizens stock. The shares were purchased at an average price of $4.81 per share, with a total value of $48,100.00.
Citizens Price Performance
Shares of NYSE:CIA opened at $5.08 on Wednesday. The firm has a market capitalization of $255.52 million, a PE ratio of 14.51 and a beta of 0.50. The business has a 50-day moving average of $5.17 and a two-hundred day moving average of $5.36. Citizens, Inc. has a 12 month low of $3.24 and a 12 month high of $6.40.
Citizens (NYSE:CIA - Get Free Report) last announced its quarterly earnings results on Thursday, March 12th. The insurance provider reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. The company had revenue of $70.19 million during the quarter, compared to analyst estimates of $67.89 million. Citizens had a return on equity of 7.21% and a net margin of 7.12%. As a group, research analysts anticipate that Citizens, Inc. will post 0.31 earnings per share for the current year.
Institutional Investors Weigh In On Citizens
Several institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in shares of Citizens by 4.6% in the third quarter. JPMorgan Chase & Co. now owns 42,753 shares of the insurance provider's stock worth $224,000 after buying an additional 1,866 shares during the period. Nuveen LLC boosted its position in shares of Citizens by 4.3% in the fourth quarter. Nuveen LLC now owns 61,184 shares of the insurance provider's stock worth $296,000 after buying an additional 2,521 shares during the period. Deutsche Bank AG boosted its position in shares of Citizens by 7.1% in the fourth quarter. Deutsche Bank AG now owns 40,968 shares of the insurance provider's stock worth $198,000 after buying an additional 2,715 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of 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 worth $340,000 after buying an additional 4,420 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Citizens by 31.5% in the third quarter. Bank of America Corp DE now owns 19,123 shares of the insurance provider's stock worth $100,000 after buying an additional 4,582 shares during the period. Hedge funds and other institutional investors own 13.73% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have commented on the company. 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 research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Citizens presently has an average rating of "Hold".
View Our Latest Report on CIA
About Citizens
(
Get Free Report)
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.
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