Renaissance Technologies LLC Sells 9,300 Shares of Citizens, Inc. (NYSE:CIA)

Renaissance Technologies LLC lowered its position in shares of Citizens, Inc. (NYSE:CIA) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 215,294 shares of the insurance provider’s stock after selling 9,300 shares during the period. Renaissance Technologies LLC owned about 0.43% of Citizens worth $863,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Truffle Hound Capital LLC purchased a new position in shares of Citizens in the fourth quarter valued at about $1,511,000. Arrowstreet Capital Limited Partnership purchased a new position in Citizens in the 4th quarter worth about $357,000. WINTON GROUP Ltd purchased a new position in shares of Citizens in the 4th quarter worth $319,000. First Eagle Investment Management LLC increased its position 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 last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Citizens during the 4th quarter valued at $92,000. 13.73% of the stock is currently owned by institutional investors.

Citizens Price Performance

NYSE CIA opened at $4.07 on Friday. The business has a 50 day simple moving average of $4.50 and a two-hundred day simple moving average of $4.59. Citizens, Inc. has a 1-year low of $2.05 and a 1-year high of $5.95. The stock has a market capitalization of $203.12 million, a PE ratio of 9.47 and a beta of 0.26.

Citizens (NYSE:CIA) last released 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). Citizens had a net margin of 8.87% and a return on equity of 11.50%. The company had revenue of $63.47 million for the quarter, compared to the consensus estimate of $64.66 million. On average, analysts anticipate 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 report on Wednesday, April 16th.

Insider Buying and Selling

In other news, CEO Jon Stenberg purchased 106,340 shares of the company’s stock in a transaction dated Monday, April 7th. The shares were acquired at an average price of $3.89 per share, with a total value of $413,662.60. Following the transaction, the chief executive officer now owns 124,363 shares of the company’s stock, valued at $483,772.07. This represents a 590.02 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by corporate insiders.

Citizens 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.