New insider activity at Citizens ( (CIA) ) has taken place on April 10, 2025.
In a significant move, President & CEO Jon Stenberg has acquired 106,340 shares of Citizens stock, with the transaction valued at an impressive $413,250. This purchase reflects a strong vote of confidence in the company’s future prospects by its top executive.
Recent Updates on CIA stock
Citizens Inc. recently reported its Q4 earnings, revealing a modest increase in total revenues for 2024 to $245 million, up from $240.7 million in 2023. The company experienced significant growth in insurance issuance, with a record $1.1 billion issued, marking a 54% increase from the previous year. Despite the revenue increase, income before federal income tax declined to $15 million from $26.2 million in 2023, although adjusted income before tax was more favorable at $21.3 million. The company achieved a 71% increase in direct first-year life and A&H premiums, driven by growth in both domestic and international markets. Citizens Inc. remains optimistic about its future growth, expecting continued sales and revenue increases in 2025 and beyond, leveraging its expanding global presence and innovative product offerings.
Spark’s Take on CIA Stock
According to Spark, TipRanks’ AI Analyst, CIA is a Neutral.
Citizens Insurance exhibits financial strength with no debt and a robust equity position, which is a significant positive factor. However, the declining profitability and cash flow metrics need attention. The technical indicators suggest a neutral to bearish outlook, which could pressure the stock in the short term. The valuation appears fair, but the absence of dividends might limit its appeal to some investors. Overall, while the company is financially stable, the stock’s short-term prospects are tempered by current technical signals and profitability concerns.
To see Spark’s full report on CIA stock, click here.
More about Citizens
YTD Price Performance: -12.99%
Average Trading Volume: 116,608
Technical Sentiment Signal: Buy
Current Market Cap: $193.1M