Jane Street Group LLC Invests $291,000 in Citizens, Inc. (NYSE:CIA)

Jane Street Group LLC purchased a new position in shares of Citizens, Inc. (NYSE:CIA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 72,472 shares of the insurance provider's stock, valued at approximately $291,000. Jane Street Group LLC owned 0.15% of Citizens as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Citizens by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 269,581 shares of the insurance provider's stock worth $1,081,000 after purchasing an additional 2,590 shares during the last quarter. Northern Trust Corp increased its position in shares of Citizens by 5.7% during the fourth quarter. Northern Trust Corp now owns 106,327 shares of the insurance provider's stock valued at $426,000 after acquiring an additional 5,696 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Citizens by 5.1% in the 4th quarter. Empowered Funds LLC now owns 145,316 shares of the insurance provider's stock valued at $583,000 after acquiring an additional 7,035 shares during the period. Alpine Global Management LLC purchased a new stake in shares of Citizens in the 4th quarter valued at approximately $41,000. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of Citizens by 11.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 98,554 shares of the insurance provider's stock worth $395,000 after acquiring an additional 10,351 shares during the last quarter. Hedge funds and other institutional investors own 13.73% of the company's stock.

Insider Transactions at Citizens

In other Citizens news, CEO Jon Stenberg bought 30,000 shares of Citizens stock in a transaction dated Thursday, May 29th. The stock was acquired at an average cost of $3.69 per share, with a total value of $110,700.00. Following the completion of the acquisition, the chief executive officer now owns 179,016 shares of the company's stock, valued at approximately $660,569.04. This represents a 20.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders purchased 143,690 shares of company stock worth $551,768. 1.60% of the stock is currently owned by insiders.

Citizens Stock Performance

Shares of NYSE:CIA traded up $0.11 during trading hours on Thursday, reaching $3.71. The stock had a trading volume of 112,719 shares, compared to its average volume of 110,171. Citizens, Inc. has a 1 year low of $2.33 and a 1 year high of $5.95. The stock has a market capitalization of $185.15 million, a price-to-earnings ratio of 8.63 and a beta of 0.44. The firm's 50 day moving average is $4.06 and its 200-day moving average is $4.43.

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Citizens from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

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.