Citizens, Inc. (CIA): fair value, margin of safety and Wheel Score

Is CIA undervalued?

Citizens, Inc. (CIA) closed at 4.13 on 5 Nov 2026. The GLS average fair value - the simple average of the 8 valuation models that produced a positive number - is 5.70, so the price sits 28% below it. 6 of the 8 models value the shares above the current price. A margin of safety between 10% and 30% is where most of the Sunday Scan candidates come from.

There is a wide gap between GLS Growth (0.6775) and Graham Growth (11.57). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.

Ranked against every other company we cover, CIA is clearly cheaper than it is fast-growing, so the nightly engine files it under Value (value score 60, growth score 28, out of 100).

Nine valuation models for CIA

Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.

Quality and financial health

Citizens, Inc. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability CIA scores 5.6/10 on the GLS Moat - a middle reading; the Moat Score tab on the Quote page's Financials view shows which of the four parts hold it back.

Returns on capital are moderate - ROIC 6.2%, ROE 6.2%, ROA 0.8% - with debt at 0.00 times equity and a free-cash-flow yield of 7.2%.

Citizens, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Life Insurance Business 76%, Home Service Insurance 24% (quarter Q3 FY2025).

Institutional ownership scores 4/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.

Wheel Score 35: Weak

With a Wheel Score of 35 Citizens, Inc. sits in the Weak band. It fails filter 4, financially healthy - Piotroski 5/9 (under 6); and filter 7, a premium worth selling - implied volatility 111% (over 80%); and filter 8, big enough - market cap $209M (under $1.0B); and filter 9, not a penny stock - price 4.13 (under $5); Premium (weak) is its weakest part.

Implied volatility is 111%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. Chain open interest is 13,059 contracts across all expiries - enough for the wheel at normal size.

Volume runs at 294k shares a day on a market cap of $209M, with a beta of 0.45 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.

The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.

Upcoming events

Citizens, Inc. reports earnings on 5 Nov 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.

No analyst upgrades or downgrades were recorded in the last 30 days.

Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.

Similar stocks in Insurance - Life

The 12 companies below are the closest to Citizens, Inc. by market cap within the Insurance - Life industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.

⚖ Compare CIA with 7 of them   All Financial Services stocks →