Citizens (NYSE:CIA) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Citizens (NYSE:CIA – Get Rating) in a report issued on Sunday. The brokerage issued a hold rating on the insurance provider’s stock.

Citizens Stock Performance

Shares of CIA opened at $2.47 on Friday. The company has a market capitalization of $123.51 million, a P/E ratio of 4.33 and a beta of 0.21. Citizens has a one year low of $1.92 and a one year high of $4.90. The stock has a 50-day moving average price of $2.50 and a 200 day moving average price of $3.14.

Citizens (NYSE:CIA – Get Rating) last issued its quarterly earnings results on Friday, November 4th. The insurance provider reported ($0.10) EPS for the quarter. Citizens had a net margin of 11.96% and a return on equity of 28.13%. The business had revenue of $61.17 million during the quarter.

Insiders Place Their Bets

In other news, CFO Jeffery P. Conklin bought 8,000 shares of Citizens stock in a transaction on Friday, November 18th. The shares were bought at an average price of $3.15 per share, with a total value of $25,200.00. Following the acquisition, the chief financial officer now directly owns 87,535 shares in the company, valued at approximately $275,735.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Jeffery P. Conklin bought 8,000 shares of Citizens stock in a transaction on Friday, November 18th. The shares were bought at an average price of $3.15 per share, with a total value of $25,200.00. Following the acquisition, the chief financial officer now directly owns 87,535 shares in the company, valued at approximately $275,735.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gerald Shields bought 24,769 shares of Citizens stock in a transaction on Thursday, November 10th. The shares were purchased at an average cost of $3.00 per share, for a total transaction of $74,307.00. Following the acquisition, the chief executive officer now owns 81,109 shares in the company, valued at $243,327. The disclosure for this purchase can be found here. Insiders have bought a total of 59,132 shares of company stock valued at $170,692 in the last quarter. Insiders own 0.40% of the company’s stock.

Institutional Trading of Citizens

Institutional investors and hedge funds have recently made changes to their positions in the stock. Amalgamated Bank acquired a new stake in shares of Citizens during the 1st quarter worth approximately $26,000. Tower Research Capital LLC TRC raised its position in shares of Citizens by 285.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,758 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 6,483 shares during the period. Prudential Financial Inc. acquired a new stake in shares of Citizens during the 2nd quarter worth approximately $47,000. Jane Street Group LLC acquired a new stake in shares of Citizens during the 2nd quarter worth approximately $48,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of Citizens during the 2nd quarter worth approximately $50,000. 16.75% of the stock is currently owned by institutional investors and hedge funds.

About Citizens

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Citizens, Inc is a holding company, which engages in the provision of insurance and reinsurance services. It operates through the Life Insurance and Home Service Insurance segments. The Life Insurance segment primarily issues ordinary whole life insurance and endowment policies in U.S. dollar-denominated amounts to foreign residents.