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

Analysts at StockNews.com assumed coverage on shares of Citizens (NYSE:CIA – Get Rating) in a report released on Sunday. The brokerage set a “hold” rating on the insurance provider’s stock.

Citizens Trading Down 3.3 %

Shares of NYSE:CIA opened at $2.93 on Friday. Citizens has a 12 month low of $1.92 and a 12 month high of $4.52. The company has a 50-day moving average price of $2.69 and a 200 day moving average price of $2.85. The company has a market cap of $146.53 million, a price-to-earnings ratio of -22.54 and a beta of 0.15.

Insiders Place Their Bets

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, with a total value of $27,384.83. Following the completion of the purchase, the vice president now directly owns 18,201 shares in the company, valued at $43,864.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is owned by insiders.

Institutional Trading of Citizens

Several institutional investors and hedge funds have recently modified their holdings of CIA. Bank of New York Mellon Corp raised its stake in shares of Citizens by 4.8% during the first quarter. Bank of New York Mellon Corp now owns 210,738 shares of the insurance provider’s stock valued at $893,000 after acquiring an additional 9,709 shares in the last quarter. Vanguard Group Inc. increased its holdings in Citizens by 0.6% during the first quarter. Vanguard Group Inc. now owns 2,453,837 shares of the insurance provider’s stock valued at $10,404,000 after buying an additional 14,267 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Citizens by 3.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 137,820 shares of the insurance provider’s stock valued at $585,000 after buying an additional 4,123 shares during the period. Renaissance Technologies LLC increased its holdings in Citizens by 2.4% during the first quarter. Renaissance Technologies LLC now owns 227,994 shares of the insurance provider’s stock valued at $967,000 after buying an additional 5,300 shares during the period. Finally, UBS Group AG increased its holdings in Citizens by 89.8% during the first quarter. UBS Group AG now owns 210,749 shares of the insurance provider’s stock valued at $893,000 after buying an additional 99,706 shares during the period. Institutional investors own 16.75% of the company’s stock.

Citizens Company Profile

(Get Rating)

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.