Jon Stenberg Purchases 30,000 Shares of Citizens, Inc. (NYSE:CIA) Stock

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

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

• On Thursday, May 29th, Jon Stenberg bought 4,850 shares of Citizens stock. The stock was purchased 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 stock was purchased at an average cost of $3.89 per share, for a total transaction of $413,662.60.

Citizens Trading Down 1.3%

Shares of NYSE:CIA traded down $0.05 during midday trading on Tuesday, hitting $3.55. The stock had a trading volume of 250,482 shares, compared to its average volume of 96,110. The company has a market capitalization of $176.92 million, a PE ratio of 8.24 and a beta of 0.44. The stock has a 50 day moving average price of $4.08 and a two-hundred day moving average price of $4.44. Citizens, Inc. has a 1 year low of $2.33 and a 1 year high of $5.95.

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

Institutional Trading of Citizens

Several hedge funds and other institutional investors have recently made changes to their positions in CIA. Alpine Global Management LLC acquired a new stake in shares of Citizens in the fourth quarter valued at about $41,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Citizens in the fourth quarter valued at about $63,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Citizens in the fourth quarter valued at about $92,000. Balyasny Asset Management L.P. acquired a new stake in shares of Citizens in the fourth quarter valued at about $120,000. Finally, Jefferies Financial Group Inc. lifted its stake in shares of Citizens by 9.4% in the fourth quarter. Jefferies Financial Group Inc. now owns 36,976 shares of the insurance provider's stock valued at $148,000 after purchasing an additional 3,176 shares during the period. Institutional investors and hedge funds own 13.73% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.