Citizens Inc (CIA): Robert B Jr Sloan , director of Citizens Inc purchased 247 shares on Jun 6, 2016. The Insider buying transaction was reported by the company on Jun 6, 2016 to the Securities and Exchange Commission. The shares were purchased at $8.08 per share for a total value of $1,991.80 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 13, 2016, Rick D Riley (CEO) purchased 1,331 shares at $7.48 per share price.On Sep 28, 2015, Randall H. Riley (VP, International Division) sold 10,000 shares at $7.46 per share price.
Citizens: On Friday, Jun 3, 2016 heightened volatility was witnessed in Citizens which led to swings in the share price. The shares opened for trading at $7.61 and hit $7.82 on the upside , eventually ending the session at $7.79, with a gain of 1.04% or 0.08 points. The heightened volatility saw the trading volume jump to 46,025 shares. The 52-week high of the share price is $10.28 and the company has a market cap of $390 M . The 52-week low of the share price is at $5.73.
Citizens Inc. is an insurance holding company. The Company operates in three business segments: Life Insurance Home Service and Other Non-Insurance Enterprises. The Company’s Life Insurance segment issues ordinary whole life insurance domestically and in United States Dollar-denominated amounts to foreign residents. The Company’s Home Service Insurance segment operates in this market through its subsidiaries Security Plan Life Insurance Company (SPLIC) Magnolia Guaranty Life Insurance Company (MGLIC) and Security Plan Fire Insurance Company (SPFIC) and focuses on the life insurance needs of the middle and lower income markets primarily in Louisiana Mississippi and Arkansas. The Company’s Other Non-insurance Enterprises segment includes Computing Technology Inc. which provides data processing services to the Company and Insurance Investors Inc. which provides aviation transportation to the Company. This segment also includes the results of Citizens Inc. the parent Company.