Truffle Hound Capital LLC Acquires 323,137 Shares of Citizens, Inc. (NYSE:CIA)

Truffle Hound Capital LLC increased its holdings in Citizens, Inc. (NYSE:CIA) by 85.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 700,000 shares of the insurance provider’s stock after buying an additional 323,137 shares during the period. Citizens accounts for 1.1% of Truffle Hound Capital LLC’s investment portfolio, making the stock its 24th biggest position. Truffle Hound Capital LLC owned approximately 1.40% of Citizens worth $3,185,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Alpine Global Management LLC purchased a new position in Citizens during the fourth quarter valued at approximately $41,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Citizens during the 4th quarter valued at $63,000. Balyasny Asset Management L.P. bought a new position in shares of Citizens in the fourth quarter worth $120,000. Y Intercept Hong Kong Ltd raised its position in shares of Citizens by 39.7% in the first quarter. Y Intercept Hong Kong Ltd now owns 31,890 shares of the insurance provider’s stock worth $145,000 after buying an additional 9,064 shares in the last quarter. Finally, Jefferies Financial Group Inc. boosted its stake in Citizens by 9.4% during the fourth quarter. Jefferies Financial Group Inc. now owns 36,976 shares of the insurance provider’s stock valued at $148,000 after buying an additional 3,176 shares during the period. 13.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Citizens

In related news, CEO Jon Stenberg bought 30,000 shares of the business’s stock in a transaction that occurred on Thursday, May 29th. The stock was bought at an average cost of $3.69 per share, for a total transaction of $110,700.00. Following the completion of the transaction, the chief executive officer owned 179,016 shares of the company’s stock, valued at approximately $660,569.04. The trade was a 20.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have acquired 37,350 shares of company stock worth $138,105. Company insiders own 1.60% of the company’s stock.

Citizens Price Performance

Shares of Citizens stock opened at $3.91 on Friday. Citizens, Inc. has a 1 year low of $2.33 and a 1 year high of $5.95. The firm has a market cap of $196.09 million, a PE ratio of 23.00 and a beta of 0.39. The company has a 50 day simple moving average of $3.63 and a two-hundred day simple moving average of $4.25.

Wall Street Analysts Forecast Growth

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

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.