In a recent transaction, James Keith Morgan, a director at Citizens, Inc. (NYSE:CIA), has increased his stake in the company. On March 22, 2024, Morgan purchased 1,101 shares of Citizens, Inc. Class A Common Stock at a price of $1.9798 per share, totaling an investment of approximately $2,179.
This acquisition reflects a vote of confidence from Morgan in the firm's future, as it adds to his already substantial holdings. Following this purchase, Morgan now owns a total of 56,066 shares in Citizens, Inc., a life insurance company with a base in Austin, Texas.
Investors often monitor such transactions as they may indicate the insiders' long-term positive outlook on the company's valuation and performance. The details of the transaction were made public through an SEC Form 4 filing, which provides transparency on the trades made by the company's insiders.
Citizens, Inc. has not released any official statement regarding this transaction, and it remains to be seen how this will impact the company's stock performance in the future. Investors and analysts will likely keep a close eye on insider activity as an indicator of the company's health and prospects.
InvestingPro Insights
In light of the recent insider purchase at Citizens, Inc. (NYSE:CIA), investors may seek a deeper understanding of the company's financial health and market performance. With James Keith Morgan's increased investment in the company, a look at some key metrics and InvestingPro Tips can provide valuable context.
Despite the vote of confidence from Morgan, Citizens, Inc. is currently facing some challenges in the market. The stock has experienced significant downturns, with a 1 Week Price Total Return of -9.95% and a 1 Month Price Total Return of -26.3%. Over the last six months, the stock has taken a big hit, with a 6 Month Price Total Return of -32.77%, reflecting a broader trend that could be concerning to potential investors.
From a valuation perspective, Citizens, Inc. is trading at a low earnings multiple, with a current P/E Ratio of 4.24 and an Adjusted P/E Ratio for the last twelve months as of Q4 2023 at 4.23. This suggests that the stock may be undervalued relative to its earnings, which could be an attractive entry point for value investors. However, it's important to note that the company's Price / Book ratio stands at 0.6, indicating that the market may not fully recognize the company's underlying asset value.
Additionally, the InvestingPro Tips highlight that the stock is in oversold territory according to the RSI, and that it does not pay a dividend to shareholders. For investors looking for income-generating investments, this could be a significant consideration.
For those interested in a more comprehensive analysis, InvestingPro offers additional tips on Citizens, Inc., which can be accessed through their dedicated page at https://www.investing.com/pro/CIA. Moreover, users can take advantage of an additional 10% off a yearly or biyearly Pro and Pro+ subscription by using the coupon code PRONEWS24. With these insights and resources, investors can make more informed decisions regarding their interest in Citizens, Inc.
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