Peter Carlson Sells 12,012 Shares of CIA
Insider Peter Carlson sold shares of CIA as institutional investors adjusted their positions.
Key Points
- Peter Carlson sold 12,012 shares of CIA on June 17, 2026, reflecting insider activity.
- CIA shares traded at $5.85 on Monday, with institutional investors like BlackRock adjusting their holdings.
- Scotiabank maintained a hold rating on CIA with a $7.25 price target as of July 16, 2024.
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On June 17, 2026, Peter Carlson sold 12,012 shares of CIA. This insider transaction was not part of a pre-planned trading program. The sale comes as CIA shares traded at $5.85 on the preceding Monday.
Other Institutional Activity in CIA
Institutional investors have been making notable adjustments to their CIA holdings. BlackRock, Inc. trimmed its stake by 33,109 shares, resulting in a total of 3,267,299 shares valued at about $16.4 million. Meanwhile, Continental General Insurance Co increased its position by 374,955 shares, holding 2,551,649 shares worth approximately $12.8 million. Vanguard Capital Management LLC opened a new position with 1,955,123 shares, valued at nearly $9.8 million. Geode Capital Management, LLC added 21,590 shares, raising its total to 1,052,223 shares valued at $5.3 million. State Street Corp also increased its holdings by 50,726 shares to reach 668,458 shares, valued at $3.4 million.
Insider Buying and Selling at Citizens, Inc.
On the same day as Carlson's transaction, several other insiders were active. Sean Samuel McLaughlin bought 7,042 shares, while Cynthia Davis sold 12,012 shares and also purchased 7,042 shares. Mary Taylor sold 12,012 shares and bought the same amount. These transactions were not conducted under a Rule 10b5-1 plan.
Analysts Set New Price Targets
On July 16, 2024, Scotiabank maintained its hold rating on CIA with a price target of $7.25. This reflects the cautious stance analysts have towards the stock.
Bottom Line
Peter Carlson's sale of CIA shares highlights ongoing insider activity. Institutional investors are actively adjusting their positions in CIA, indicating varied sentiment. Analyst ratings remain steady, with Scotiabank maintaining a hold rating. As always, it's important to remember that insider and institutional trades are not immediate buy or sell signals.
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