From Investing.com: 2024-09-18 15:27:02

Citizens, Inc. CEO Jon Stenberg has increased his stake by purchasing 11,934 shares at $2.99 each, totaling $35,682. This moves his direct holdings to 89,464 shares, demonstrating confidence in the life insurance company based in Austin, Texas. Investors view insider buying positively, signaling potential growth.

Recently, Singular Research upgraded Citizens, Inc. from Hold to Buy with a price target of $3.70. The company saw mixed Q2 2024 results with a 6% revenue increase, driven by a surge in first-year premium. New CEO Jon Stenberg succeeded Gerald W. Shields, overseeing record insurance growth and strong governance practices.

InvestingPro data shows Citizens, Inc. with a market cap of $161.08 million and a low P/E ratio of 7.24. The stock has had a 44.34% total return over six months, reflecting positive market sentiment. Analysts predict profitability for the company this year, adding to the CEO’s recent investment, signaling potential strength in the business model.



Read more at Investing.com: Citizens Inc. CEO purchases $35.6k in company stock By Investing.com