Citizens (NYSE:CIA) Director Acquires $38,000.00 in Stock

Citizens, Inc. (NYSE:CIA) Director Michael Philip Harwood acquired 10,000 shares of Citizens stock in a transaction on Monday, August 31st. The stock was purchased at an average price of $3.80 per share, with a total value of $38,000.00. Following the transaction, the director directly owned 11,096 shares in the company, valued at approximately $42,164.80. This trade represents a 912.41% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Citizens Trading Up 1.0%

CIA opened at $3.93 on Friday. The stock has a market cap of $219.97 million, a PE ratio of 18.71 and a beta of 0.43. Citizens, Inc. has a 1 year low of $3.56 and a 1 year high of $6.54. The stock’s 50 day simple moving average is $4.75 and its 200-day simple moving average is $5.12.

Citizens (NYSE:CIA) last issued its earnings results on Thursday, August 6th. The insurance provider reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). Citizens had a return on equity of 4.73% and a net margin of 4.55%.The firm had revenue of $61.90 million during the quarter, compared to the consensus estimate of $63.85 million. Equities analysts forecast that Citizens, Inc. will post 0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CIA. Deutsche Bank AG raised its stake in shares of Citizens by 7.1% in the fourth quarter. Deutsche Bank AG now owns 40,968 shares of the insurance provider’s stock valued at $198,000 after acquiring an additional 2,715 shares during the last quarter. Brandywine Global Investment Management LLC bought a new position in shares of Citizens in the fourth quarter valued at about $84,000. Bank of America Corp DE increased its position in Citizens by 31.5% in the 3rd quarter. Bank of America Corp DE now owns 19,123 shares of the insurance provider’s stock valued at $100,000 after acquiring an additional 4,582 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Citizens in the 2nd quarter valued at about $86,000. Finally, Marshall Wace LLP bought a new position in shares of Citizens in the second quarter worth about $129,000. 13.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CIA. Citigroup assumed coverage on shares of Citizens in a research report on Monday, August 24th. They set a “buy” rating on the stock. Wall Street Zen raised shares of Citizens from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 29th. Freedom Broker began coverage on shares of Citizens in a research note on Monday, August 24th. They set a “buy” rating and a $5.50 price target for the company. Finally, Weiss Ratings downgraded Citizens from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.50.

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.