Citizens, Inc. (NYSE:CIA) CEO Jon Stenberg Acquires 30,000 Shares

Citizens, Inc. (NYSE:CIA - Get Free Report) CEO Jon Stenberg purchased 30,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was acquired at an average cost of $3.69 per share, for a total transaction of $110,700.00. Following the completion of the purchase, the chief executive officer now owns 179,016 shares of the company's stock, valued at approximately $660,569.04. This represents a 20.13% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, May 29th, Jon Stenberg purchased 4,850 shares of Citizens stock. The stock was acquired at an average cost of $3.80 per share, for a total transaction of $18,430.00.
• On Monday, April 7th, Jon Stenberg bought 106,340 shares of Citizens stock. The shares were purchased at an average cost of $3.89 per share, for a total transaction of $413,662.60.

Citizens Trading Up 3.6%

CIA stock traded up $0.13 during trading on Thursday, reaching $3.73. 63,740 shares of the stock were exchanged, compared to its average volume of 96,447. The business has a 50 day moving average price of $4.06 and a 200-day moving average price of $4.43. Citizens, Inc. has a 1 year low of $2.33 and a 1 year high of $5.95. The firm has a market capitalization of $186.15 million, a price-to-earnings ratio of 8.67 and a beta of 0.44.

Citizens (NYSE:CIA - Get Free Report) last issued its earnings results on Thursday, March 13th. The insurance provider reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.03). Citizens had a return on equity of 11.50% and a net margin of 8.87%. The firm had revenue of $63.47 million for the quarter, compared to analysts' expectations of $64.66 million. On average, research analysts anticipate that Citizens, Inc. will post 0.32 EPS for the current year.

Hedge Funds Weigh In On Citizens

Institutional investors have recently bought and sold shares of the company. Alpine Global Management LLC acquired a new stake in shares of Citizens during the fourth quarter valued at about $41,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Citizens during the fourth quarter valued at about $63,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Citizens during the fourth quarter valued at about $92,000. Balyasny Asset Management L.P. acquired a new stake in shares of Citizens during the fourth quarter valued at about $120,000. Finally, Jefferies Financial Group Inc. increased its position in shares of Citizens by 9.4% during the fourth quarter. Jefferies Financial Group Inc. now owns 36,976 shares of the insurance provider's stock valued at $148,000 after acquiring an additional 3,176 shares during the last quarter. 13.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Citizens from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd.

Citizens Company Profile

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.