376,863 Shares in Citizens, Inc. (NYSE:CIA) Bought by Truffle Hound Capital LLC

Truffle Hound Capital LLC purchased a new position in Citizens, Inc. (NYSE:CIA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 376,863 shares of the insurance provider's stock, valued at approximately $1,511,000. Truffle Hound Capital LLC owned approximately 0.76% of Citizens at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Empowered Funds LLC lifted its stake in Citizens by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 138,281 shares of the insurance provider's stock worth $501,000 after purchasing an additional 6,968 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Citizens in the third quarter worth $82,000. Barclays PLC boosted its stake in Citizens by 24.4% during the third quarter. Barclays PLC now owns 52,379 shares of the insurance provider's stock valued at $189,000 after buying an additional 10,267 shares during the period. Geode Capital Management LLC grew its position in Citizens by 2.3% during the third quarter. Geode Capital Management LLC now owns 458,886 shares of the insurance provider's stock worth $1,662,000 after buying an additional 10,235 shares in the last quarter. Finally, Ritholtz Wealth Management increased its stake in Citizens by 6.7% in the 4th quarter. Ritholtz Wealth Management now owns 46,116 shares of the insurance provider's stock worth $185,000 after acquiring an additional 2,901 shares during the last quarter. 13.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Citizens from a "hold" rating to a "sell" rating in a research report on Tuesday, March 18th.

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Citizens Stock Down 5.1 %

Shares of NYSE CIA traded down $0.26 during mid-day trading on Wednesday, reaching $4.86. 115,642 shares of the company were exchanged, compared to its average volume of 88,161. Citizens, Inc. has a 52 week low of $1.78 and a 52 week high of $5.95. The company's 50 day moving average price is $4.94 and its 200 day moving average price is $4.49. The stock has a market capitalization of $242.50 million, a PE ratio of 11.30 and a beta of 0.11.

Citizens (NYSE:CIA - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The insurance provider reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.03). Citizens had a net margin of 8.87% and a return on equity of 11.50%. The firm had revenue of $63.47 million for the quarter, compared to analysts' expectations of $64.66 million. On average, sell-side analysts predict that Citizens, Inc. will post 0.32 earnings per share for the current year.

Citizens Company Profile

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.