Insider Buying: Citizens, Inc. (NYSE:CIA) CEO Purchases $37,171.68 in Stock

Citizens, Inc. (NYSE:CIA) CEO Jon Stenberg bought 12,558 shares of the stock in a transaction dated Thursday, September 5th. The shares were acquired at an average price of $2.96 per share, for a total transaction of $37,171.68. Following the completion of the purchase, the chief executive officer now directly owns 18,023 shares in the company, valued at $53,348.08. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Jon Stenberg also recently made the following trade(s):

• On Friday, August 16th, Jon Stenberg bought 1,736 shares of Citizens stock. The shares were acquired at an average price of $2.77 per share, for a total transaction of $4,808.72.
• On Wednesday, August 14th, Jon Stenberg bought 2,155 shares of Citizens stock. The shares were acquired at an average price of $2.73 per share, for a total transaction of $5,883.15.
• On Monday, August 12th, Jon Stenberg bought 4,090 shares of Citizens stock. The shares were acquired at an average price of $2.73 per share, for a total transaction of $11,165.70.
• On Thursday, August 8th, Jon Stenberg bought 3,514 shares of Citizens stock. The shares were acquired at an average price of $2.60 per share, for a total transaction of $9,136.40.
• On Tuesday, July 9th, Jon Stenberg bought 4,580 shares of Citizens stock. The shares were acquired at an average price of $2.59 per share, for a total transaction of $11,862.20.

Citizens Price Performance

NYSE CIA opened at $3.03 on Thursday. The stock has a market capitalization of $150.20 million, a price-to-earnings ratio of 6.45 and a beta of 0.14. Citizens, Inc. has a one year low of $1.78 and a one year high of $3.69. The business’s fifty day moving average is $2.81 and its 200-day moving average is $2.60.

Citizens (NYSE:CIA) last announced its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Citizens had a return on equity of 12.33% and a net margin of 8.92%. The business had revenue of $62.34 million for the quarter, compared to analysts’ expectations of $58.59 million. Research analysts expect that Citizens, Inc. will post 0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Citizens

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC raised its stake in Citizens by 26.8% in the 2nd quarter. First Eagle Investment Management LLC now owns 418,923 shares of the insurance provider’s stock valued at $1,139,000 after acquiring an additional 88,415 shares during the period. Ritholtz Wealth Management bought a new stake in Citizens in the 2nd quarter valued at about $54,000. Marietta Wealth Management LLC bought a new stake in Citizens in the 2nd quarter valued at about $64,000. Finally, Empowered Funds LLC raised its stake in Citizens by 8.1% in the 1st quarter. Empowered Funds LLC now owns 121,953 shares of the insurance provider’s stock valued at $261,000 after acquiring an additional 9,112 shares during the period. 13.73% of the stock is currently owned by institutional investors.

About Citizens

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.