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

Citizens, Inc. (NYSE:CIA) CEO Jon Stenberg acquired 106,340 shares of Citizens stock in a transaction dated Monday, April 7th. The stock was bought at an average price of $3.89 per share, for a total transaction of $413,662.60. Following the completion of the purchase, the chief executive officer now owns 124,363 shares of the company’s stock, valued at approximately $483,772.07. This represents a 590.02 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Citizens Stock Up 14.7 %

Citizens stock traded up $0.55 during trading on Wednesday, reaching $4.30. The stock had a trading volume of 81,143 shares, compared to its average volume of 91,157. Citizens, Inc. has a 52-week low of $1.78 and a 52-week high of $5.95. The business has a 50 day moving average price of $4.86 and a 200 day moving average price of $4.57. The stock has a market cap of $214.60 million, a PE ratio of 9.76 and a beta of 0.26.

Citizens (NYSE:CIA) last issued its earnings results on Thursday, March 13th. The insurance provider reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The firm had revenue of $63.47 million for the quarter, compared to analyst estimates of $64.66 million. Citizens had a return on equity of 11.50% and a net margin of 8.87%. On average, equities analysts predict that Citizens, Inc. will post 0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Citizens

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alpine Global Management LLC purchased a new stake in shares of Citizens during the 4th quarter worth approximately $41,000. OMERS ADMINISTRATION Corp acquired a new stake in Citizens during the 4th quarter worth $63,000. Y Intercept Hong Kong Ltd purchased a new stake in Citizens in the fourth quarter valued at $92,000. Balyasny Asset Management L.P. acquired a new position in Citizens in the fourth quarter valued at $120,000. Finally, Jefferies Financial Group Inc. grew its holdings in shares of Citizens by 9.4% during 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. 13.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised 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.