Arrowstreet Capital Limited Partnership Invests $357,000 in Citizens, Inc. (NYSE:CIA)

Arrowstreet Capital Limited Partnership acquired a new position in shares of Citizens, Inc. (NYSE:CIA - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 88,963 shares of the insurance provider's stock, valued at approximately $357,000. Arrowstreet Capital Limited Partnership owned about 0.18% of Citizens at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CIA. Barclays PLC boosted its position in shares of Citizens by 24.4% during the 3rd quarter. Barclays PLC now owns 52,379 shares of the insurance provider's stock worth $189,000 after acquiring an additional 10,267 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Citizens by 2.3% in the third quarter. Geode Capital Management LLC now owns 458,886 shares of the insurance provider's stock valued at $1,662,000 after purchasing an additional 10,235 shares in the last quarter. Truffle Hound Capital LLC purchased a new position in Citizens in the fourth quarter valued at approximately $1,511,000. First Eagle Investment Management LLC raised its holdings in Citizens by 14.2% during the fourth quarter. First Eagle Investment Management LLC now owns 554,894 shares of the insurance provider's stock worth $2,225,000 after purchasing an additional 68,824 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Citizens during the fourth quarter worth approximately $92,000. Institutional investors and hedge funds own 13.73% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Citizens from a "sell" rating to a "hold" rating in a research report on Wednesday.

Insiders Place Their Bets

In other news, CEO Jon Stenberg purchased 106,340 shares of the business's stock in a transaction that occurred on Monday, April 7th. The stock was purchased at an average cost of $3.89 per share, with a total value of $413,662.60. Following the completion of the acquisition, the chief executive officer now directly owns 124,363 shares of the company's stock, valued at approximately $483,772.07. This trade represents a 590.02 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is owned by insiders.

Citizens Price Performance

Shares of CIA traded up $0.03 during midday trading on Friday, reaching $4.35. 67,057 shares of the stock were exchanged, compared to its average volume of 93,099. Citizens, Inc. has a twelve month low of $1.99 and a twelve month high of $5.95. The company has a market capitalization of $216.85 million, a price-to-earnings ratio of 10.10 and a beta of 0.26. The business's 50-day moving average price is $4.71 and its 200 day moving average price is $4.60.

Citizens (NYSE:CIA - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The insurance provider reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.03). The firm had revenue of $63.47 million during the quarter, compared to analyst estimates of $64.66 million. Citizens had a net margin of 8.87% and a return on equity of 11.50%. As a group, equities research analysts expect that Citizens, Inc. will post 0.32 earnings per share for the current fiscal year.

About Citizens

Citizens, Inc provides life insurance products in the United States and internationally. The company operates in two segments, Life Insurance and Home Service Insurance. The Life Insurance segment issues ordinary whole life insurance and endowment policies in the United States dollar-denominated amounts to non-U.S.