Citizens (NYSE:CIA) Insider Buys 5,376 Shares of Stock

Key Points

• Insider Seth Alan Hoxworth bought 5,376 shares of Citizens at an average price of $3.83, investing $20,590 and increasing his ownership by 92.4% to 11,194 shares.
• Citizens shares recently traded at $3.96, well below their 12-month high of $6.54. The company reported quarterly EPS of $0.01, missing the $0.07 consensus estimate, while revenue of $61.9 million also fell short of expectations.
• Institutional investors and hedge funds own 13.73% of the stock, while analyst sentiment remains cautious: Weiss Ratings downgraded Citizens to “hold,” and the overall analyst rating is “Hold.”

Citizens, Inc. (NYSE:CIA - Get Free Report) insider Seth Alan Hoxworth purchased 5,376 shares of Citizens stock in a transaction dated Tuesday, August 11th. The shares were bought at an average price of $3.83 per share, for a total transaction of $20,590.08. Following the acquisition, the insider owned 11,194 shares in the company, valued at approximately $42,873.02. This trade represents a 92.40% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Citizens Stock Performance

Shares of CIA stock traded up $0.04 on Thursday, hitting $3.96. 38,090 shares of the stock traded hands, compared to its average volume of 113,811. Citizens, Inc. has a twelve month low of $3.56 and a twelve month high of $6.54. The firm's 50-day moving average price is $5.30 and its two-hundred day moving average price is $5.33. The stock has a market capitalization of $199.19 million, a PE ratio of 18.86 and a beta of 0.48.

Citizens (NYSE:CIA - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The insurance provider reported $0.01 earnings per share (EPS) 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 analyst estimates of $63.85 million. Citizens had a return on equity of 4.73% and a net margin of 4.55%. On average, equities research analysts anticipate that Citizens, Inc. will post 0.12 EPS for the current fiscal year.

Institutional Trading of Citizens

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its position in Citizens by 92.1% in the third quarter. BNP Paribas Financial Markets now owns 10,724 shares of the insurance provider's stock valued at $56,000 after buying an additional 5,141 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in shares of Citizens during the third quarter valued at about $57,000. Bank of America Corp DE raised its stake in shares of Citizens by 3,686.7% in the 2nd quarter. Bank of America Corp DE now owns 14,541 shares of the insurance provider's stock valued at $51,000 after acquiring an additional 14,157 shares during the period. Brandywine Global Investment Management LLC purchased a new stake in shares of Citizens in the 4th quarter valued at approximately $84,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Citizens in the 2nd quarter worth approximately $63,000. 13.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Citizens from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, August 7th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average 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.

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