Citizens (NYSE:CIA) CEO Jon Stenberg Acquires 10,000 Shares

Key Points

• CEO Jon Stenberg acquired 10,000 shares on March 17 at an average price of $4.81, a $48,100 purchase that raised his direct stake to 208,930 shares (a 5.03% increase) valued at about $1.005 million.
• Citizens beat quarterly expectations, reporting $0.11 EPS vs. $0.08 estimate and $72.07 million in revenue, while analysts forecast about $0.32 EPS for the current fiscal year.
• The stock trades near $4.63 with a market cap of $232.8 million, a 52-week range of $2.90–$6.40, an average analyst rating of Hold, and roughly 13.7% institutional ownership.

Citizens, Inc. (NYSE:CIA - Get Free Report) CEO Jon Stenberg acquired 10,000 shares of Citizens stock in a transaction that occurred on Tuesday, March 17th. The shares were purchased at an average price of $4.81 per share, for a total transaction of $48,100.00. Following the transaction, the chief executive officer directly owned 208,930 shares in the company, valued at $1,004,953.30. The trade was a 5.03% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Citizens Trading Up 0.1%

CIA traded up $0.00 on Thursday, reaching $4.63. The stock had a trading volume of 144,460 shares, compared to its average volume of 106,929. The company has a market capitalization of $232.81 million, a price-to-earnings ratio of 16.55 and a beta of 0.43. Citizens, Inc. has a fifty-two week low of $2.90 and a fifty-two week high of $6.40. The firm has a 50-day moving average of $5.48 and a 200-day moving average of $5.47.

Citizens (NYSE:CIA - Get Free Report) last released its quarterly earnings results on Thursday, March 12th. The insurance provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. Citizens had a return on equity of 7.23% and a net margin of 5.71%.The company had revenue of $72.07 million for the quarter, compared to analysts' expectations of $67.89 million. Sell-side analysts anticipate that Citizens, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Citizens in a report on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold".

Institutional Investors Weigh In On Citizens

A number of institutional investors have recently made changes to their positions in the stock. Continental General Insurance Co. acquired a new stake in shares of Citizens in the second quarter valued at about $1,505,000. Invesco Ltd. lifted its stake in shares of Citizens by 28.5% in 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 during the period. Marshall Wace LLP acquired a new position in shares of Citizens in the second quarter worth approximately $129,000. New York State Common Retirement Fund bought a new stake in Citizens in the second quarter valued at approximately $101,000. Finally, Bank of America Corp DE increased its position in Citizens by 31.5% during the 3rd quarter. Bank of America Corp DE now owns 19,123 shares of the insurance provider's stock valued at $100,000 after purchasing an additional 4,582 shares during the period. Institutional investors own 13.73% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.