Investment analysts at StockNews.com initiated coverage on shares of Citizens (NYSE:CIA – Get Rating) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the insurance provider’s stock.
Citizens Price Performance
NYSE CIA opened at $2.93 on Friday. The company has a market capitalization of $146.53 million, a PE ratio of -22.54 and a beta of 0.15. The company has a fifty day moving average of $2.69 and a 200 day moving average of $2.85. Citizens has a 1 year low of $1.92 and a 1 year high of $4.52.
Insider Activity at Citizens
In other news, VP Harvey J. Waite acquired 11,363 shares of the firm’s stock in a transaction on Tuesday, December 20th. The stock was acquired at an average price of $2.41 per share, for a total transaction of $27,384.83. Following the completion of the transaction, the vice president now owns 18,201 shares in the company, valued at approximately $43,864.41. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.40% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
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.
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