Jane Street Group LLC Makes New Investment in Citizens, Inc. (NYSE:CIA)

Jane Street Group LLC bought a new position in Citizens, Inc. (NYSE:CIA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 72,472 shares of the insurance provider's stock, valued at approximately $291,000. Jane Street Group LLC owned about 0.15% of Citizens as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC purchased a new position in shares of Citizens during the 4th quarter worth approximately $249,000. Arrowstreet Capital Limited Partnership bought a new stake in Citizens in the 4th quarter worth about $357,000. Truffle Hound Capital LLC bought a new stake in Citizens in the 4th quarter worth about $1,511,000. First Eagle Investment Management LLC grew its stake in shares of Citizens by 14.2% during the 4th quarter. First Eagle Investment Management LLC now owns 554,894 shares of the insurance provider's stock valued at $2,225,000 after purchasing an additional 68,824 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Citizens during the fourth quarter valued at approximately $92,000. Institutional investors own 13.73% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at Citizens

In related news, CEO Jon Stenberg purchased 30,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were bought at an average price of $3.69 per share, for a total transaction of $110,700.00. Following 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have acquired a total of 143,690 shares of company stock valued at $551,768 over the last 90 days. 1.60% of the stock is owned by corporate insiders.

Citizens Price Performance

Shares of CIA stock traded up $0.02 during trading hours on Friday, reaching $3.73. 124,412 shares of the company traded hands, compared to its average volume of 97,134. The firm has a 50-day moving average price of $4.03 and a 200 day moving average price of $4.42. Citizens, Inc. has a 12-month low of $2.33 and a 12-month high of $5.95. The company has a market cap of $186.15 million, a P/E ratio of 8.67 and a beta of 0.38.

Citizens (NYSE:CIA - Get Free Report) last issued its quarterly earnings data 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 net margin of 8.87% and a return on equity of 11.50%. The firm had revenue of $63.47 million for the quarter, compared to analysts' expectations of $64.66 million. Sell-side analysts predict that Citizens, Inc. will post 0.32 EPS for the current year.

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.