Arrowstreet Capital Limited Partnership Takes Position in Citizens, Inc. (NYSE:CIA)

Arrowstreet Capital Limited Partnership acquired a new position in shares of Citizens, Inc. (NYSE:CIA) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 88,963 shares of the insurance provider’s stock, valued at approximately $357,000. Arrowstreet Capital Limited Partnership owned about 0.18% of Citizens as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Y Intercept Hong Kong Ltd acquired a new stake in Citizens during the fourth quarter worth about $92,000. Ritholtz Wealth Management grew its holdings in shares of Citizens by 6.7% during the 4th quarter. Ritholtz Wealth Management now owns 46,116 shares of the insurance provider’s stock worth $185,000 after purchasing an additional 2,901 shares during the period. Barclays PLC increased its position in Citizens by 24.4% during the 3rd quarter. Barclays PLC now owns 52,379 shares of the insurance provider’s stock worth $189,000 after purchasing an additional 10,267 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Citizens in the fourth quarter valued at approximately $319,000. Finally, Empowered Funds LLC lifted its position in Citizens by 5.1% during the fourth quarter. Empowered Funds LLC now owns 145,316 shares of the insurance provider’s stock valued at $583,000 after buying an additional 7,035 shares in the last quarter. 13.73% of the stock is owned by hedge funds and other institutional investors.

Citizens Trading Down 2.4 %

Shares of NYSE CIA opened at $4.02 on Monday. The stock has a fifty day moving average price of $4.80 and a 200 day moving average price of $4.59. Citizens, Inc. has a 12-month low of $1.85 and a 12-month high of $5.95. The company has a market cap of $200.63 million, a P/E ratio of 9.35 and a beta of 0.26.

Citizens (NYSE:CIA) last issued its earnings results on Thursday, March 13th. The insurance provider reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.03). The company had revenue of $63.47 million during the quarter, compared to analysts’ expectations of $64.66 million. Citizens had a return on equity of 11.50% and a net margin of 8.87%. On average, sell-side analysts forecast that Citizens, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Citizens from a “sell” rating to a “hold” rating in a research report on Friday, April 4th.

Insiders Place Their Bets

In other news, CEO Jon Stenberg purchased 106,340 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The shares were purchased at an average price of $3.89 per share, with a total value of $413,662.60. Following the purchase, the chief executive officer now directly owns 124,363 shares of the company’s stock, valued at approximately $483,772.07. This represents a 590.02 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by company insiders.

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.