Citizens, Inc. (NYSE:CIA – Get Free Report) CEO Jon Stenberg bought 12,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average price of $3.65 per share, for a total transaction of $43,800.00. Following the completion of the acquisition, the chief executive officer owned 389,574 shares in the company, valued at $1,421,945.10. This represents a 3.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Jon Stenberg also recently made the following trade(s):
- On Thursday, May 21st, Jon Stenberg bought 10,000 shares of Citizens stock. The shares were acquired at an average cost of $4.82 per share, for a total transaction of $48,200.00.
Citizens Stock Up 2.2%
Shares of CIA stock opened at $3.99 on Friday. Citizens, Inc. has a 52-week low of $3.56 and a 52-week high of $6.54. The company’s 50 day moving average is $5.25 and its 200 day moving average is $5.31. The firm has a market cap of $223.10 million, a price-to-earnings ratio of 18.98 and a beta of 0.48.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on CIA shares. Weiss Ratings lowered shares of Citizens from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 7th. Wall Street Zen lowered Citizens from a “hold” rating to a “strong sell” rating in a report on Saturday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Citizens currently has an average rating of “Hold”.
Check Out Our Latest Research Report on CIA
Hedge Funds Weigh In On Citizens
Several hedge funds and other institutional investors have recently modified their holdings of CIA. Bank of America Corp DE boosted its stake in 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 worth $51,000 after purchasing an additional 14,157 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Citizens by 92.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,724 shares of the insurance provider’s stock valued at $56,000 after purchasing an additional 5,141 shares in the last quarter. Alliancebernstein L.P. acquired a new position in Citizens during the 3rd quarter valued at approximately $57,000. The Manufacturers Life Insurance Company acquired a new position in Citizens during the 2nd quarter valued at approximately $63,000. Finally, Brandywine Global Investment Management LLC purchased a new position in shares of Citizens in the fourth quarter worth $84,000. 13.73% of the stock is owned by hedge funds and other institutional investors.
About Citizens
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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