Ritholtz Wealth Management Acquires New Stake in Citizens, Inc. (NYSE:CIA)

Ritholtz Wealth Management bought a new position in shares of Citizens, Inc. (NYSE:CIAFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,719 shares of the insurance provider’s stock, valued at approximately $34,000.

Several other institutional investors have also recently made changes to their positions in CIA. Millennium Management LLC lifted its position in shares of Citizens by 791.9% during the second quarter. Millennium Management LLC now owns 788,830 shares of the insurance provider’s stock worth $3,305,000 after acquiring an additional 700,387 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of Citizens in the third quarter worth $401,000. UBS Group AG raised its position in shares of Citizens by 89.8% in the first quarter. UBS Group AG now owns 210,749 shares of the insurance provider’s stock worth $893,000 after buying an additional 99,706 shares in the last quarter. First Eagle Investment Management LLC purchased a new stake in shares of Citizens in the third quarter worth $249,000. Finally, Renaissance Technologies LLC raised its position in shares of Citizens by 32.1% in the second quarter. Renaissance Technologies LLC now owns 301,294 shares of the insurance provider’s stock worth $1,262,000 after buying an additional 73,300 shares in the last quarter. Hedge funds and other institutional investors own 13.73% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Citizens from a “hold” rating to a “buy” rating in a research report on Wednesday, March 6th.

View Our Latest Report on CIA

Citizens Stock Performance

Shares of CIA stock opened at $2.19 on Thursday. Citizens, Inc. has a 52-week low of $1.64 and a 52-week high of $4.00. The company has a market capitalization of $108.56 million, a PE ratio of 4.56 and a beta of 0.19. The business’s fifty day moving average is $2.55 and its 200 day moving average is $2.85.

Insider Buying and Selling

In other Citizens news, CEO Gerald Shields acquired 16,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were bought at an average price of $2.22 per share, for a total transaction of $35,520.00. Following the completion of the transaction, the chief executive officer now owns 168,724 shares of the company’s stock, valued at approximately $374,567.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have acquired 23,000 shares of company stock worth $50,147. Corporate insiders own 0.88% of the company’s stock.

About Citizens

(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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Institutional Ownership by Quarter for Citizens (NYSE:CIA)

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