Citizens, Inc. (NYSE:CIA) CEO Buys $413,662.60 in Stock

Citizens, Inc. (NYSE:CIA - Get Free Report) CEO Jon Stenberg acquired 106,340 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was purchased at an average price of $3.89 per share, for a total transaction of $413,662.60. Following the completion of the transaction, the chief executive officer now owns 124,363 shares in the company, valued at $483,772.07. The trade was a 590.02 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Citizens Price Performance

Citizens stock traded up $0.22 during mid-day trading on Monday, hitting $4.22. 90,652 shares of the company were exchanged, compared to its average volume of 92,532. Citizens, Inc. has a 12-month low of $1.85 and a 12-month high of $5.95. The company has a market capitalization of $210.61 million, a P/E ratio of 9.81 and a beta of 0.26. The business's 50 day simple moving average is $4.80 and its two-hundred day simple moving average is $4.59.

Citizens (NYSE:CIA - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $63.47 million for the quarter, compared to analysts' expectations of $64.66 million. Citizens had a return on equity of 11.50% and a net margin of 8.87%. Equities research analysts predict that Citizens, Inc. will post 0.32 earnings per share for the current year.

Institutional Investors Weigh In On Citizens

A number of institutional investors have recently added to or reduced their stakes in CIA. Jefferies Financial Group Inc. lifted its holdings in shares of Citizens by 9.4% during the 4th 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 in the last quarter. Alpine Global Management LLC acquired a new position in shares of Citizens in the 4th quarter worth approximately $41,000. OMERS ADMINISTRATION Corp bought a new stake in Citizens during the fourth quarter valued at $63,000. Millennium Management LLC grew its position in shares of Citizens by 49.2% during the 4th quarter. Millennium Management LLC now owns 202,347 shares of the insurance provider's stock valued at $811,000 after buying an additional 66,718 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its holdings in shares of Citizens by 0.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 427,347 shares of the insurance provider's stock valued at $1,714,000 after purchasing an additional 3,235 shares during the last quarter. Hedge funds and other institutional investors own 13.73% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Citizens from a "sell" rating to a "hold" rating in a report on Friday, April 4th.

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.