Seth Alan Hoxworth Acquires 5,376 Shares of Citizens (NYSE:CIA) Stock

Citizens, Inc. (NYSE:CIA – Get Free Report) insider Seth Alan Hoxworth purchased 5,376 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was purchased at an average cost of $3.83 per share, with a total value of $20,590.08. Following the acquisition, the insider owned 11,194 shares in the company, valued at approximately $42,873.02. This represents a 92.40% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Citizens Trading Up 2.2%

Shares of CIA stock opened at $3.99 on Friday. Citizens, Inc. has a 12 month low of $3.56 and a 12 month high of $6.54. The company has a market capitalization of $223.10 million, a P/E ratio of 18.98 and a beta of 0.48. The stock has a 50 day moving average of $5.25 and a two-hundred day moving average of $5.31.

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Citizens (NYSE:CIA – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The insurance provider reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The firm had revenue of $61.90 million for the quarter, compared to the consensus estimate of $63.85 million. Citizens had a net margin of 4.55% and a return on equity of 4.73%. Sell-side analysts predict that Citizens, Inc. will post 0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CIA. Continental General Insurance Co. boosted its holdings in shares of Citizens by 34.8% in the 4th quarter. Continental General Insurance Co. now owns 2,176,694 shares of the insurance provider’s stock worth $10,513,000 after acquiring an additional 562,419 shares in the last quarter. Geode Capital Management LLC increased its holdings in Citizens by 118.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,032,234 shares of the insurance provider’s stock valued at $3,603,000 after purchasing an additional 558,840 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Citizens by 142.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 199,809 shares of the insurance provider’s stock valued at $909,000 after purchasing an additional 117,502 shares in the last quarter. Jane Street Group LLC raised its position in Citizens by 133.6% in the 1st quarter. Jane Street Group LLC now owns 169,308 shares of the insurance provider’s stock valued at $770,000 after purchasing an additional 96,836 shares during the last quarter. Finally, Barclays PLC raised its position in Citizens by 38.5% in the 3rd quarter. Barclays PLC now owns 202,219 shares of the insurance provider’s stock valued at $1,062,000 after purchasing an additional 56,188 shares during the last quarter. Institutional investors own 13.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Weiss Ratings downgraded shares of Citizens from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Wall Street Zen cut shares of Citizens from a “hold” rating to a “strong sell” rating in a research note on Saturday. One analyst has rated the stock with a Hold rating, According to MarketBeat, Citizens has an average rating of “Hold”.

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About Citizens

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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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