Citizens, Inc. (NYSE:CIA - Get Free Report) CEO Jon Stenberg purchased 106,340 shares of the stock in a transaction on Monday, April 7th. The shares were bought at an average cost of $3.89 per share, for a total transaction of $413,662.60. Following the transaction, the chief executive officer now directly owns 124,363 shares in the company, valued at approximately $483,772.07. The trade was 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 at this hyperlink.
Citizens Trading Up 16.8 %
CIA opened at $4.38 on Thursday. The stock has a 50-day moving average price of $4.84 and a 200-day moving average price of $4.57. The stock has a market capitalization of $218.59 million, a P/E ratio of 10.19 and a beta of 0.26. Citizens, Inc. has a 12-month low of $1.78 and a 12-month high of $5.95.
Citizens (NYSE:CIA - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The insurance provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.03). The firm had revenue of $63.47 million during the quarter, compared to analysts' expectations of $64.66 million. Citizens had a return on equity of 11.50% and a net margin of 8.87%. On average, equities research analysts predict that Citizens, Inc. will post 0.32 EPS for the current year.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Citizens from a "sell" rating to a "hold" rating in a report on Friday, April 4th.
Check Out Our Latest Research Report on CIA
Hedge Funds Weigh In On Citizens
Large investors have recently bought and sold shares of the business. First Eagle Investment Management LLC raised its position in shares of Citizens by 14.2% during the 4th quarter. First Eagle Investment Management LLC now owns 554,894 shares of the insurance provider's stock worth $2,225,000 after purchasing an additional 68,824 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Citizens by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 458,886 shares of the insurance provider's stock valued at $1,662,000 after acquiring an additional 10,235 shares during the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of Citizens by 0.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 427,347 shares of the insurance provider's stock valued at $1,714,000 after acquiring an additional 3,235 shares during the last quarter. Truffle Hound Capital LLC purchased a new position in shares of Citizens in the 4th quarter valued at about $1,511,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Citizens by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 269,581 shares of the insurance provider's stock valued at $1,081,000 after purchasing an additional 2,590 shares during the period. Institutional investors own 13.73% of the company's stock.
About Citizens
(
Get Free Report)
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.
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