In a recent move, Terry S. Maness, a director at Citizens, Inc. (NYSE:CIA), has increased his stake in the company through the acquisition of additional shares. The transactions, which took place on April 5, 2024, involved the purchase of shares at prices ranging from $2.13 to $2.14, amounting to a total investment of $2,136.
Maness's purchase included three separate transactions, where he acquired a total of 1,000 shares of Citizens, Inc. Class A Common Stock. The first transaction involved 483 shares at $2.14 each, the second comprised 200 shares at the same price, and the third saw 317 shares bought at $2.13 per share. Following these purchases, Maness now owns a total of 15,947 shares in the life insurance company.
This financial activity was disclosed in a Form 4 filing with the Securities and Exchange Commission, which is used to report changes in company ownership by directors, officers, and owners holding more than 10% of the company's stock.
Citizens, Inc., based in Austin, Texas, operates in the life insurance industry and is known for its range of insurance products and services. The company's stock is publicly traded on the New York Stock Exchange under the ticker symbol NYSE:CIA.
Investors often monitor the buying and selling activity of company insiders as it may provide insights into their perspective on the company's current valuation and future prospects. However, it is important to note that insider transactions can be motivated by various factors and may not always be indicative of the company's operational performance or financial health.
InvestingPro Insights
Amidst the insider buying activity at Citizens, Inc., the InvestingPro platform offers additional insights into the company's financial metrics and stock performance. According to recent data, Citizens, Inc. is trading at a low earnings multiple, with a P/E ratio of just 4.34 for the last twelve months as of Q4 2023. This could suggest that the stock is undervalued relative to its earnings, potentially providing an attractive entry point for value investors.
However, it's important for investors to consider that Citizens, Inc.'s short-term obligations exceed its liquid assets, which may raise concerns about the company's ability to meet its immediate financial liabilities. Moreover, the price of Citizens, Inc. has experienced a significant drop over the last three months, with a 22.66% decline, and a more pronounced 25.35% fall over the past six months. These metrics indicate that the stock has taken a big hit in the market, which could be a red flag or an opportunity, depending on one's investment strategy.
On a positive note, Citizens, Inc. has been profitable over the last twelve months, as reflected by its gross profit of $73.31M USD and an operating income margin of 10.88%. However, the company does not pay a dividend, which might influence the decision of income-focused investors. For those interested in exploring further, there are additional InvestingPro Tips available on the platform that can provide deeper insights into Citizens, Inc.'s financial health and stock performance. By using the coupon code PRONEWS24, readers can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking valuable information that could aid in making more informed investment decisions.
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