Key Points
- Citizens Director Michael Philip Harwood purchased 10,000 shares at an average price of $3.80, investing $38,000 and increasing his direct ownership by 912.41% to 11,096 shares.
- Citizens recently reported weaker-than-expected quarterly results, with earnings of $0.01 per share versus a $0.07 consensus estimate and revenue of $61.9 million below expectations.
- Analyst sentiment remains cautiously positive: Citizens has a consensus “Moderate Buy” rating and a $5.50 average price target, although the stock recently traded near $3.84 and remains below its 50- and 200-day moving averages.
Citizens, Inc. (NYSE:CIA - Get Free Report) Director Michael Philip Harwood purchased 10,000 shares of Citizens stock in a transaction dated Monday, August 31st. The shares were purchased at an average price of $3.80 per share, with a total value of $38,000.00. Following the completion of the transaction, the director directly owned 11,096 shares in the company, valued at approximately $42,164.80. This represents a 912.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link.
Citizens Stock Performance
Shares of CIA stock opened at $3.84 on Wednesday. The company has a market capitalization of $214.92 million, a PE ratio of 18.29 and a beta of 0.43. Citizens, Inc. has a 52-week low of $3.56 and a 52-week high of $6.54. The business's fifty day moving average is $4.83 and its 200 day moving average is $5.15.
Citizens (NYSE:CIA - Get Free Report) last posted its earnings results on Thursday, August 6th. The insurance provider reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). The business had revenue of $61.90 million for the quarter, compared to analysts' expectations of $63.85 million. Citizens had a return on equity of 4.73% and a net margin of 4.55%. On average, sell-side analysts forecast that Citizens, Inc. will post 0.12 EPS for the current fiscal year.
Hedge Funds Weigh In On Citizens
Large investors have recently modified their holdings of the company. Bank of America Corp DE lifted its position in Citizens by 15.7% in the 1st quarter. Bank of America Corp DE now owns 42,405 shares of the insurance provider's stock worth $213,000 after buying an additional 5,746 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Citizens by 8.3% during the first quarter. Empowered Funds LLC now owns 238,487 shares of the insurance provider's stock worth $1,200,000 after acquiring an additional 18,244 shares in the last quarter. Invesco Ltd. raised its stake in shares of Citizens by 28.5% during the fourth quarter. Invesco Ltd. now owns 39,301 shares of the insurance provider's stock worth $190,000 after acquiring an additional 8,721 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of Citizens by 4.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 473,232 shares of the insurance provider's stock worth $2,286,000 after acquiring an additional 21,963 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Citizens by 6.7% in the 4th 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 in the last quarter. 13.73% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Weiss Ratings lowered Citizens from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday. Wall Street Zen upgraded shares of Citizens from a "strong sell" rating to a "sell" rating in a research report on Saturday. Freedom Broker assumed coverage on shares of Citizens in a research note on Monday, August 24th. They issued a "buy" rating and a $5.50 price target for the company. Finally, Citigroup began coverage on shares of Citizens in a report on Monday, August 24th. They issued a "buy" rating on the stock. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $5.50.
Check Out Our Latest Stock Report on CIA
Citizens Company Profile
(
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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