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3 insiders bought €261k of shares over the last 90 days, the latest filed 01 Sept 2026.
Citizens, Inc.: what insiders have been doing
This page follows insider dealings at Citizens, Inc. as filed with SEC (Form 4), a company from the Banks sector. The last twelve months, up to 18 October 2026, brought 86 filings signed by 13 insiders.
Only purchases show up on the open market, 8 purchases in all worth €550k, filed by 4 insiders. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. The largest single trade was a purchase of €205k by Stenberg Jon, published on 31 March 2026. Among those who bought: 3 senior executives and 1 chief executive.
With 86 filings in twelve months, the company is more active than the median of 22 filings across the 5,458 companies we follow on the same exchange. Looking back to 2016, when coverage begins, insiders filed 32 purchases and 1 sale. On the fundamentals side, the SEC filing (10-K) for the period ending 31 December 2025 lists revenue at 255.6 m USD and net income at 14.6 m USD.
In the case of 3 purchases, another manager of the company was buying within the same 30 days. When several insiders buy within a few weeks of each other, analysts speak of a cluster purchase. The latest purchase dates back some time: it was published 47 days ago, on 1 September 2026. The median gap between a trade and its publication by SEC (Form 4) is 3 days. US insiders must file a Form 4 within two business days of a trade.
For comparison within the same sector, see the insider buying recorded at First Guaranty Bancshares, Inc. and BCB Bancorp Inc. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.
Insider Decl.
220
Thresholds
n/a
Buy Volume
€1M
32 ops. · all time
Sell Volume
€38,572
1 ops. · all time
Who traded when
BuySaleJon Stenberg9 buys
Cynthia H. Davis1 buy
Michael Philip Harwood1 buy
Seth Alan Hoxworth1 buy
Sheryl L. Kinlaw1 buy
Since the insiders bought
- -9.0%Entry US$18.18 · Close at T+30 US$16.54
- -1.8%Entry US$17.93 · Close at T+30 US$17.60
- -1.7%Entry US$17.90 · Close at T+30 US$17.60
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 5,460 of 24,166 companies
65.4
score / 100
Value82
Quality49
FCF yld10%
Earn yld8.4%
EV/EBITDA·
ROE5.0%
Gross mgn·
Net mgn5.7%
Debt/EBITDA·
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$3.44
Analyst consensus
2 analysts0.00/5
US$5.00Target US$5.25(+53%)US$5.50
Income statement
RevenueUS$255.6M
EBITDAUS$14.9M6% margin
Net incomeUS$14.6M4.5% margin
Valuation
PER (trailing)15.6x
PER (forward)17.2x
P/Book0.7x
Beta0.47
Balance sheet & cash
Market capUS$174.2M
Total debtUS$11.3B
Free Cash FlowUS$17.5M
Profitability & ownership
ROE5.0%
ROA0.5%
% insiders11.6%
% institutions30.6%
Last declaration on 1 September 2026
Declarations220 total
167.599 shares@ US$5.940.0005% mcap2.3% of flowCitizens, Inc. Class A Common StockSEC:0002097014-26-000004:0
209.41 shares@ US$4.750.0005% mcap2.3% of flowCitizens, Inc. Class A Common StockSEC:0002097014-26-000004:1
255.518 shares@ US$3.880.0005% mcap2.3% of flowCitizens, Inc. Class A Common StockSEC:0002097014-26-000004:2
10,000 shares@ US$3.800.019% mcap87.4% of flowCitizens, Inc. Class A Common StockSEC:0002097014-26-000004:3
Canonical exit: 29 Nov 2026 (T+90)
2,626 sharesCitizens, Inc. Class A Common StockSEC:0002015584-26-000008:0
640 shares@ US$3.970.0012% mcap15.4% of flowCitizens, Inc. Class A Common StockSEC:0002015584-26-000008:1
183.602 shares@ US$5.424.1% of flowCitizens, Inc. Class A Common StockSEC:0002051485-26-000008:0
181.407 shares@ US$5.484.1% of flowCitizens, Inc. Class A Common StockSEC:0002051485-26-000008:1
190.049 shares@ US$5.230.0005% mcap4.1% of flowCitizens, Inc. Class A Common StockSEC:0002051485-26-000008:2
167.599 shares@ US$5.940.0005% mcap4.2% of flowCitizens, Inc. Class A Common StockSEC:0002051485-26-000008:3
2,709 sharesCitizens, Inc. Class A Common StockSEC:0002051485-26-000008:5
796 shares@ US$3.970.0015% mcap13.1% of flowCitizens, Inc. Class A Common StockSEC:0002051485-26-000008:6
209.41 shares@ US$4.750.0005% mcap4.1% of flowCitizens, Inc. Class A Common StockSEC:0002051485-26-000008:4
95.024 shares@ US$5.230.0002% mcap2.1% of flowCitizens, Inc. Class A Common StockSEC:0002120865-26-000007:2
91.8 shares@ US$5.422.1% of flowCitizens, Inc. Class A Common StockSEC:0002120865-26-000007:0
83.799 shares@ US$5.940.0002% mcap2.2% of flowCitizens, Inc. Class A Common StockSEC:0002120865-26-000007:3
104.704 shares@ US$4.750.0002% mcap2.2% of flowCitizens, Inc. Class A Common StockSEC:0002120865-26-000007:4
5,376 shares@ US$3.830.010% mcap89.3% of flowCitizens, Inc. Class A Common StockSEC:0002120865-26-000007:5
Canonical exit: 9 Nov 2026 (T+90)
90.703 shares@ US$5.482.1% of flowCitizens, Inc. Class A Common StockSEC:0002120865-26-000007:1
12,000 shares@ US$3.64960.021% mcap3.9% of flowCitizens, Inc. Class A Common StockSEC:0002015793-26-000014:0
Canonical exit: 9 Nov 2026 (T+90)
50,000 shares@ US$3.99260.098% mcap17.7% of flowCitizens, Inc. Class A Common StockSEC:0002015793-26-000012:0
Canonical exit: 8 Nov 2026 (T+90)
10,697 shares0Citizens, Inc. Class A Common StockSEC:0002015584-26-000006:0
12,012 sharesCitizens, Inc. Class A Common StockSEC:0001607890-26-000002:0
12,012 sharesCitizens, Inc. Class A Common StockSEC:0001379320-26-000002:0
12,012 sharesCitizens, Inc. Class A Common StockSEC:0001877835-26-000006:2
25 of 220 declarations
About Citizens, Inc.
Citizens, Inc. (NYSE: CIA) is a U.S.-listed insurance holding company headquartered in Austin, Texas. It is incorporated in Colorado and has operated in the life insurance business in the United States since 1969 and internationally since 1975. For investors, Citizens is best understood as a specialty insurer rather than a broad, diversified financial conglomerate: it focuses on targeted protection products and niche distribution channels in the United States and abroad. ([sec.gov](https://www.sec.gov/Archives/edgar/data/24090/000002409025000018/cia-20241231.htm?utm_source=openai))
The company operates through two main business segments: domestic life insurance and home service insurance, according to its annual filing. Its core offering is centered on traditional insurance products designed to address life protection needs, living benefits, and final expense coverage. Citizens emphasizes that it seeks competitive advantages in niche markets where it can leverage product design, pricing, underwriting, and agent relationships. Its domestic subsidiaries are licensed in 43 U.S. states, while its international subsidiaries serve residents in nearly 80 countries, giving the group a relatively broad geographic footprint for a company of its size. ([sec.gov](https://www.sec.gov/Archives/edgar/data/24090/000002409025000018/cia-20241231.htm?utm_source=openai))
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From a competitive standpoint, Citizens does not compete as a scale leader against the largest U.S. life insurers. Instead, it plays a more specialized role, with a smaller balance sheet but a differentiated distribution model and a long operating history. The company describes its strategy as focused on increasing first-year premium revenue, expanding penetration in existing and new countries served, introducing new products or major product enhancements, and improving agent/client servicing platforms to drive efficiency. That positioning suggests a steady-build model rather than a high-growth, acquisition-led story. ([citizensinc.com](https://www.citizensinc.com/wp-content/uploads/2026/03/CIA-Q4-2025-Results-PR-Final-03.12.26.pdf?utm_source=openai))
Recent company disclosures indicate continued operating momentum. Citizens highlighted record direct insurance in force of $5.38 billion at September 30, 2025, up year over year, alongside ongoing growth initiatives around products and platform efficiency. Its 2025 communications also referenced management presentations to investors and continued execution on the strategic roadmap. For analysts tracking SEC Form 4 insider activity, the key takeaway is that Citizens is a niche life insurer with a long history, U.S. headquarters, NYSE listing in the United States, and a business model driven by disciplined underwriting, product development, and incremental geographic expansion. ([citizensinc.com](https://www.citizensinc.com/investors/?utm_source=openai))
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