Citizens (NYSE:CIA - Get Free Report) was upgraded by Singular Research to a "strong-buy" rating in a report issued on Monday,Zacks.com reports.
Citizens Stock Performance
Shares of NYSE:CIA traded down $0.08 during midday trading on Monday, reaching $4.58. 54,101 shares of the company's stock traded hands, compared to its average volume of 72,445. Citizens has a one year low of $1.78 and a one year high of $5.95. The company has a market cap of $228.59 million, a price-to-earnings ratio of 10.65 and a beta of 0.11. The stock has a 50 day moving average of $4.30 and a 200 day moving average of $3.33.
Insider Activity at Citizens
In other news, CEO Jon Stenberg bought 12,558 shares of the stock in a transaction on Thursday, September 5th. The shares were bought at an average price of $2.96 per share, with a total value of $37,171.68. Following the completion of the acquisition, the chief executive officer now owns 18,023 shares in the company, valued at $53,348.08. The trade was a 229.79 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.20% of the stock is owned by insiders.
Hedge Funds Weigh In On Citizens
Institutional investors have recently made changes to their positions in the business. Ritholtz Wealth Management purchased a new stake in Citizens during the second quarter valued at approximately $54,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Citizens in the 3rd quarter worth $82,000. Marietta Wealth Management LLC purchased a new stake in shares of Citizens in the 2nd quarter worth $64,000. Barclays PLC raised its holdings in Citizens by 24.4% in the 3rd quarter. Barclays PLC now owns 52,379 shares of the insurance provider's stock worth $189,000 after purchasing an additional 10,267 shares during the period. Finally, Empowered Funds LLC lifted its position in Citizens by 5.3% during the third quarter. Empowered Funds LLC now owns 138,281 shares of the insurance provider's stock valued at $501,000 after purchasing an additional 6,968 shares in the last quarter. Institutional investors own 13.73% of the company's stock.
Citizens Company Profile
(
Get Free Report)
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.
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