Ritholtz Wealth Management Buys New Shares in Citizens, Inc. (NYSE:CIA)

Ritholtz Wealth Management bought a new stake in shares of Citizens, Inc. (NYSE:CIAFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,719 shares of the insurance provider’s stock, valued at approximately $34,000.

A number of other large investors also recently modified their holdings of CIA. Millennium Management LLC lifted its stake in Citizens by 791.9% in the 2nd quarter. Millennium Management LLC now owns 788,830 shares of the insurance provider’s stock worth $3,305,000 after purchasing an additional 700,387 shares in the last quarter. First Trust Advisors LP purchased a new stake in Citizens in the 3rd quarter worth $401,000. UBS Group AG lifted its stake in Citizens by 89.8% in the 1st quarter. UBS Group AG now owns 210,749 shares of the insurance provider’s stock worth $893,000 after purchasing an additional 99,706 shares in the last quarter. First Eagle Investment Management LLC purchased a new stake in Citizens in the 3rd quarter worth $249,000. Finally, Renaissance Technologies LLC lifted its stake in Citizens by 32.1% in the 2nd quarter. Renaissance Technologies LLC now owns 301,294 shares of the insurance provider’s stock worth $1,262,000 after purchasing an additional 73,300 shares in the last quarter. Hedge funds and other institutional investors own 13.73% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Citizens from a “hold” rating to a “buy” rating in a research note on Wednesday, March 6th.

Read Our Latest Stock Analysis on CIA

Insider Activity

In other Citizens news, CEO Gerald Shields bought 16,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were purchased at an average cost of $2.22 per share, for a total transaction of $35,520.00. Following the transaction, the chief executive officer now owns 168,724 shares of the company’s stock, valued at $374,567.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have acquired 23,000 shares of company stock worth $50,147. 0.88% of the stock is currently owned by corporate insiders.

Citizens Trading Up 4.8 %

Shares of NYSE CIA opened at $2.19 on Thursday. The firm’s 50-day moving average price is $2.55 and its 200-day moving average price is $2.85. The stock has a market capitalization of $108.56 million, a price-to-earnings ratio of 4.56 and a beta of 0.19. Citizens, Inc. has a 12-month low of $1.64 and a 12-month high of $4.00.

About Citizens

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding CIA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citizens, Inc. (NYSE:CIAFree Report).

Institutional Ownership by Quarter for Citizens (NYSE:CIA)

Receive News & Ratings for Citizens Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens and related companies with MarketBeat.com's FREE daily email newsletter.