Insider Buying: Citizens (NYSE:CIA) Insider Purchases $20,590.08 in Stock

Citizens, Inc. (NYSE:CIA) insider Seth Alan Hoxworth bought 5,376 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average price of $3.83 per share, for a total transaction of $20,590.08. Following the acquisition, the insider directly owned 11,194 shares of the company’s stock, valued at approximately $42,873.02. The trade was a 92.40% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Citizens Stock Up 2.2%

Shares of NYSE CIA opened at $3.99 on Friday. The firm’s fifty day moving average is $5.25 and its 200 day moving average is $5.31. Citizens, Inc. has a 52 week low of $3.56 and a 52 week high of $6.54. The company has a market cap of $223.10 million, a price-to-earnings ratio of 18.98 and a beta of 0.48.

Citizens (NYSE:CIA) last announced its quarterly earnings results on Thursday, August 6th. The insurance provider reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). The firm had revenue of $61.90 million for the quarter, compared to analysts’ expectations of $63.85 million. Citizens had a net margin of 4.55% and a return on equity of 4.73%. Equities research analysts anticipate that Citizens, Inc. will post 0.12 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CIA. JPMorgan Chase & Co. raised its holdings in Citizens by 4.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 42,753 shares of the insurance provider’s stock worth $224,000 after purchasing an additional 1,866 shares in the last quarter. Nuveen LLC boosted its stake in shares of Citizens by 4.3% during the 4th quarter. Nuveen LLC now owns 61,184 shares of the insurance provider’s stock valued at $296,000 after purchasing an additional 2,521 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Citizens by 7.1% during the 4th quarter. Deutsche Bank AG now owns 40,968 shares of the insurance provider’s stock valued at $198,000 after purchasing an additional 2,715 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Citizens by 6.7% during 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 buying an additional 4,420 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Citizens by 31.5% during the third quarter. Bank of America Corp DE now owns 19,123 shares of the insurance provider’s stock valued at $100,000 after buying an additional 4,582 shares during the period. 13.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CIA shares. Weiss Ratings cut Citizens from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Wall Street Zen lowered Citizens from a “hold” rating to a “strong sell” rating in a research report on Saturday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Citizens currently has a consensus rating of “Hold”.

Citizens Company Profile

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.