Citizens (NYSE:CIA) Upgraded by Singular Research to Strong-Buy Rating

Singular Research upgraded shares of Citizens (NYSE:CIA) to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports.

Citizens Trading Up 2.5 %

CIA opened at $4.69 on Monday. Citizens has a 1-year low of $1.78 and a 1-year high of $5.95. The company has a market cap of $233.81 million, a price-to-earnings ratio of 10.90 and a beta of 0.11. The company’s fifty day moving average price is $4.24 and its two-hundred day moving average price is $3.30.

Insider Transactions at Citizens

In other news, CEO Jon Stenberg bought 12,558 shares of the stock in a transaction dated Thursday, September 5th. The stock was bought at an average price of $2.96 per share, for a total transaction of $37,171.68. Following the completion of the acquisition, the chief executive officer now directly owns 18,023 shares in the company, valued at approximately $53,348.08. This trade represents a 229.79 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its position in shares of Citizens by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 138,281 shares of the insurance provider’s stock worth $501,000 after buying an additional 6,968 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Citizens by 2.3% during the third quarter. Geode Capital Management LLC now owns 458,886 shares of the insurance provider’s stock valued at $1,662,000 after acquiring an additional 10,235 shares during the last quarter. Barclays PLC lifted its holdings in Citizens by 24.4% during the third quarter. Barclays PLC now owns 52,379 shares of the insurance provider’s stock worth $189,000 after acquiring an additional 10,267 shares during the period. Ritholtz Wealth Management purchased a new position in Citizens in the second quarter worth $54,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Citizens in the 3rd quarter valued at $82,000. 13.73% of the stock is currently owned by hedge funds and other institutional investors.

About Citizens

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.