Insiders Are Buying These 5 Penny Stocks

4. Citizens Inc. (NYSE:CIA)

Number of Hedge Fund Investors: 8

Insurance company Citizens Inc. (NYSE:CIA) ranks fourth in our list of the penny stocks with latest insider buying activity. James Morgan, a director at Citizens Inc. (NYSE:CIA), on March 26 bought 5,000 shares of Citizens Inc. (NYSE:CIA) at $2.11 per share. Since then the stock is up about 0.5%.

Citizens Inc.’s (NYSE:CIA) CEO Gerald Shields on March 21 bought 16,000 shares of Citizens Inc. (NYSE:CIA) at $2.22 per share. He had also amassed 29,182 shares of Citizens Inc. (NYSE:CIA) in November at $3.00 per share.