Empowered Funds LLC Buys 6,968 Shares of Citizens, Inc. (NYSE:CIA)

Empowered Funds LLC increased its stake in shares of Citizens, Inc. (NYSE:CIA) by 5.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 138,281 shares of the insurance provider’s stock after purchasing an additional 6,968 shares during the quarter. Empowered Funds LLC owned 0.28% of Citizens worth $501,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CIA. First Eagle Investment Management LLC raised its position in Citizens by 26.8% in the 2nd quarter. First Eagle Investment Management LLC now owns 418,923 shares of the insurance provider’s stock worth $1,139,000 after purchasing an additional 88,415 shares during the period. Marietta Wealth Management LLC bought a new position in shares of Citizens during the second quarter valued at approximately $64,000. Finally, Ritholtz Wealth Management purchased a new stake in shares of Citizens in the second quarter worth approximately $54,000. Hedge funds and other institutional investors own 13.73% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jon Stenberg bought 12,558 shares of the stock in a transaction on Thursday, September 5th. The stock was acquired at an average cost of $2.96 per share, for a total transaction of $37,171.68. Following the acquisition, the chief executive officer now owns 18,023 shares of the company’s stock, valued at $53,348.08. This represents a 229.79 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Singular Research raised Citizens to a “strong-buy” rating in a research report on Monday, November 18th.

Citizens Price Performance

CIA stock opened at $5.00 on Monday. Citizens, Inc. has a 12 month low of $1.78 and a 12 month high of $5.95. The firm’s 50-day moving average is $4.41 and its 200 day moving average is $3.39. The company has a market capitalization of $249.55 million, a PE ratio of 11.63 and a beta of 0.11.

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.