683 Capital Management LLC Acquires New Stake in Citizens, Inc. (NYSE:CIA)

683 Capital Management LLC bought a new position in Citizens, Inc. (NYSE:CIA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 75,809 shares of the insurance provider's stock, valued at approximately $304,000. 683 Capital Management LLC owned 0.15% of Citizens at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CIA. Alpine Global Management LLC acquired a new position in shares of Citizens during the fourth quarter worth about $41,000. Y Intercept Hong Kong Ltd purchased a new position in Citizens in the 4th quarter worth approximately $92,000. Ritholtz Wealth Management boosted its holdings in Citizens by 6.7% in 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 period. Barclays PLC raised its stake in shares of Citizens by 24.4% during the third 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. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Citizens during the fourth quarter worth $249,000. 13.73% of the stock is currently owned by institutional investors and hedge funds.

Citizens Stock Performance

Shares of NYSE CIA traded up $0.26 during midday trading on Thursday, reaching $4.07. 20,719 shares of the company's stock were exchanged, compared to its average volume of 93,365. The stock has a market capitalization of $203.12 million, a PE ratio of 9.47 and a beta of 0.44. Citizens, Inc. has a 52-week low of $2.20 and a 52-week high of $5.95. The business's fifty day moving average price is $4.44 and its two-hundred day moving average price is $4.56.

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

Insiders Place Their Bets

In other news, CEO Jon Stenberg purchased 106,340 shares of the stock in a transaction dated Monday, April 7th. The stock was acquired at an average price of $3.89 per share, for a total transaction of $413,662.60. Following the completion of the transaction, the chief executive officer now owns 124,363 shares of the company's stock, valued at approximately $483,772.07. The trade was a 590.02 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Citizens from a "sell" rating to a "hold" rating in a 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.