OMERS ADMINISTRATION Corp Acquires New Holdings in Citizens, Inc. (NYSE:CIA)

OMERS ADMINISTRATION Corp acquired a new stake in Citizens, Inc. (NYSE:CIA) in the 4th quarter, Holdings Channel.com reports. The fund acquired 15,736 shares of the insurance provider’s stock, valued at approximately $63,000.

Several other institutional investors and hedge funds have also modified their holdings of CIA. Barclays PLC grew its position in shares of Citizens by 24.4% in the 3rd quarter. Barclays PLC now owns 52,379 shares of the insurance provider’s stock valued at $189,000 after purchasing an additional 10,267 shares during the period. Ritholtz Wealth Management boosted its position in Citizens by 6.7% during the 4th quarter. Ritholtz Wealth Management now owns 46,116 shares of the insurance provider’s stock worth $185,000 after acquiring an additional 2,901 shares during the last quarter. Empowered Funds LLC boosted its position in Citizens by 5.1% during the 4th quarter. Empowered Funds LLC now owns 145,316 shares of the insurance provider’s stock worth $583,000 after acquiring an additional 7,035 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Citizens during the 4th quarter worth approximately $92,000. Finally, First Eagle Investment Management LLC boosted its position in Citizens by 14.2% during the 4th quarter. First Eagle Investment Management LLC now owns 554,894 shares of the insurance provider’s stock worth $2,225,000 after acquiring an additional 68,824 shares during the last quarter. 13.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Jon Stenberg acquired 106,340 shares of the business’s stock in a transaction dated Monday, April 7th. The stock was bought at an average price of $3.89 per share, with a total value of $413,662.60. Following the acquisition, the chief executive officer now owns 124,363 shares in the company, valued at $483,772.07. This represents a 590.02% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by insiders.

Citizens Stock Down 1.3%

NYSE:CIA opened at $3.90 on Wednesday. Citizens, Inc. has a twelve month low of $2.33 and a twelve month high of $5.95. The business has a 50 day moving average price of $4.35 and a two-hundred day moving average price of $4.51. The company has a market cap of $194.64 million, a P/E ratio of 9.07 and a beta of 0.44.

Citizens (NYSE:CIA) last released its quarterly earnings data on Thursday, March 13th. The insurance provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.03). The company had revenue of $63.47 million during the quarter, compared to analyst estimates of $64.66 million. Citizens had a net margin of 8.87% and a return on equity of 11.50%. As a group, analysts anticipate that Citizens, Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Citizens from a “sell” rating to a “hold” rating in a research report on Wednesday, April 16th.

Citizens Company Profile

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.