Citizens (NYSE:CIA) Earns Hold Rating from Analysts at StockNews.com

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

A number of large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in shares of Citizens by 3.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 137,820 shares of the insurance provider’s stock worth $585,000 after acquiring an additional 4,123 shares during the period. Geode Capital Management LLC increased its stake in shares of Citizens by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 423,696 shares of the insurance provider’s stock worth $902,000 after purchasing an additional 4,403 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Citizens by 2.4% during the first quarter. Renaissance Technologies LLC now owns 227,994 shares of the insurance provider’s stock worth $967,000 after purchasing an additional 5,300 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Citizens by 15.0% during the third quarter. Price T Rowe Associates Inc. MD now owns 44,500 shares of the insurance provider’s stock worth $149,000 after purchasing an additional 5,800 shares in the last quarter. Finally, ETF Managers Group LLC increased its stake in shares of Citizens by 4.0% during the third quarter. ETF Managers Group LLC now owns 161,602 shares of the insurance provider’s stock worth $540,000 after purchasing an additional 6,271 shares in the last quarter. Institutional investors and hedge funds own 16.75% of the company’s stock.

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.