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AUSTIN, TX—Sheryl L. Kinlaw, the Chief Legal Officer of Citizens, Inc. (NYSE:CIA), recently acquired 2,500 shares of the company’s Class A Common Stock. The transaction, which took place on May 28, 2025, was valued at approximately $8,968, with shares purchased at a price of $3.5872 each. The purchase comes as the stock trades near $3.76, showing a slight premium to Kinlaw’s acquisition price. According to InvestingPro data, Citizens Inc ., with a market capitalization of $189 million, has demonstrated profitability over the last twelve months, with analysts forecasting earnings of $0.31 per share for fiscal year 2025.
Following this purchase, Kinlaw’s total direct ownership in the company stands at 69,289 shares. InvestingPro analysis indicates the stock is currently undervalued, with additional insights available through their comprehensive Pro Research Report, which covers over 1,400 US stocks. This transaction reflects Kinlaw’s continued investment in Citizens, Inc., which is headquartered in Austin, Texas.
In other recent news, Citizens Inc. announced the resignation of its CEO, Gerald W. Shields, from the company’s board. Shields, who also served as the only non-independent director, submitted his resignation on April 2, 2025, with the board accepting it. His resignation will take effect on April 15, 2025. The company did not indicate that Shields’ decision was due to any disagreements regarding its operations, policies, or practices. Citizens Inc. has yet to name a successor or provide details on the search for a new CEO. This leadership change occurs as the company continues to navigate the competitive life insurance industry. The company’s statement did not elaborate on future plans or how the transition might impact its strategic direction. Investors and stakeholders are closely watching the company’s next moves following this announcement. Citizens Inc. has not provided further details on the leadership transition.
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