Schonfeld Strategic Advisors LLC Buys New Stake in Citizens, Inc. (NYSE:CIA)

Schonfeld Strategic Advisors LLC bought a new position in shares of Citizens, Inc. (NYSE:CIA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 61,986 shares of the insurance provider's stock, valued at approximately $249,000. Schonfeld Strategic Advisors LLC owned approximately 0.12% of Citizens at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CIA. Alpine Global Management LLC acquired a new position in Citizens in the fourth quarter worth approximately $41,000. Y Intercept Hong Kong Ltd acquired a new position in Citizens in the fourth quarter worth approximately $92,000. Ritholtz Wealth Management grew its position in Citizens by 6.7% in the fourth quarter. Ritholtz Wealth Management now owns 46,116 shares of the insurance provider's stock worth $185,000 after buying an additional 2,901 shares during the last quarter. Barclays PLC grew its position in Citizens by 24.4% in the third quarter. Barclays PLC now owns 52,379 shares of the insurance provider's stock worth $189,000 after buying an additional 10,267 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new position in Citizens in the fourth quarter worth approximately $319,000. Institutional investors own 13.73% of the company's stock.

Insiders Place Their Bets

In other news, CEO Jon Stenberg bought 106,340 shares of the business's stock in a transaction on Monday, April 7th. The stock was purchased at an average price of $3.89 per share, with a total value of $413,662.60. Following the transaction, the chief executive officer now directly owns 124,363 shares in the company, valued at approximately $483,772.07. The trade was a 590.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.60% of the company's stock.

Citizens Stock Down 1.0%

Shares of NYSE:CIA traded down $0.04 during trading on Monday, reaching $3.96. 72,371 shares of the company traded hands, compared to its average volume of 93,934. The firm has a fifty day simple moving average of $4.36 and a 200 day simple moving average of $4.51. The firm has a market cap of $197.63 million, a P/E ratio of 9.21 and a beta of 0.44. Citizens, Inc. has a 1-year low of $2.33 and a 1-year high of $5.95.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Citizens from a "sell" rating to a "hold" rating in a research report on Wednesday, April 16th.

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.