Citizens (NYSE:CIA) Stock Rating Upgraded by Singular Research

Citizens (NYSE:CIA) was upgraded by Singular Research to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Citizens Stock Performance

Shares of CIA opened at $4.58 on Monday. The stock has a market capitalization of $228.59 million, a PE ratio of 10.65 and a beta of 0.11. Citizens has a 1 year low of $1.78 and a 1 year high of $5.95. The company’s 50-day simple moving average is $4.30 and its 200-day simple moving average is $3.33.

Insider Buying and Selling

In related news, CEO Jon Stenberg acquired 12,558 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average price of $2.96 per share, with a total value of $37,171.68. Following the completion of the acquisition, the chief executive officer now owns 18,023 shares in the company, valued at approximately $53,348.08. This represents a 229.79 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Citizens

Institutional investors and hedge funds have recently made changes to their positions in the business. Ritholtz Wealth Management purchased a new stake in shares of Citizens in the second quarter valued at $54,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Citizens in the 3rd quarter valued at about $82,000. Marietta Wealth Management LLC acquired a new stake in shares of Citizens during the 2nd quarter worth about $64,000. Barclays PLC boosted its stake in shares of 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 during the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Citizens by 5.3% during the third quarter. Empowered Funds LLC now owns 138,281 shares of the insurance provider’s stock worth $501,000 after buying an additional 6,968 shares in the last quarter. 13.73% of the stock is currently owned by hedge funds and other institutional investors.

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.