Christopher Claus Acquires 12,012 Shares of CIA
Christopher Claus bought 12,012 shares of CIA on June 17, marking a notable insider purchase.
Key Points
- On June 17, Christopher Claus purchased 12,012 shares of CIA, reflecting a significant insider transaction.
- CIA shares traded at $5.85 on Monday, with peer funds like Vanguard Capital opening new positions.
- Scotiabank maintained its hold rating on CIA with a price target of $7.25 as of July 16, 2024.
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Christopher Claus made a significant insider move by purchasing 12,012 shares of CIA on June 17. While the price at which he bought isn't disclosed, this transaction stands out as a notable acquisition.
Other Institutional Activity in CIA
In recent institutional activity, BlackRock, Inc. trimmed its holdings in CIA by 33,109 shares, leaving it with 3,267,299 shares valued at approximately $16.4 million. Continental General Insurance Co increased its stake by 374,955 shares, bringing its total to 2,551,649 shares worth about $12.8 million, marking a 17.2% increase. Vanguard Capital Management LLC opened a new position with 1,955,123 shares valued at roughly $9.8 million. Geode Capital Management, LLC added 21,590 shares, ending with 1,052,223 shares valued at $5.3 million, a 2.1% increase. Meanwhile, UBS Group AG reduced its holdings by 121,814 shares, now holding 646,373 shares worth approximately $3.3 million, a 15.9% decrease.
Insider Buying and Selling at Citizens, Inc.
On June 17, several insiders at CIA were active in the market. Sean Samuel McLaughlin bought 7,042 shares, while Cynthia Davis sold 12,012 shares and bought 7,042 shares. Peter Carlson acquired 7,042 shares, and Mary Taylor both bought and sold 12,012 shares.
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 a cautious approach by analysts, considering the current market conditions.
Bottom Line
Christopher Claus's purchase of CIA shares on June 17 highlights a significant insider transaction. Investors often track such moves to gauge insider confidence in the company's prospects. The activity from institutional investors and analysts' ratings provides additional context for understanding CIA's current market positioning. Remember, insider and institutional actions are backward-looking and may not reflect current conditions.
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