Barclays PLC Grows Stake in Citizens, Inc. (NYSE:CIA)

Barclays PLC increased its stake in Citizens, Inc. (NYSE:CIA) by 24.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,379 shares of the insurance provider’s stock after acquiring an additional 10,267 shares during the period. Barclays PLC owned approximately 0.10% of Citizens worth $189,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Citizens in the third quarter worth about $82,000. Empowered Funds LLC grew its position in Citizens by 5.3% in the third quarter. Empowered Funds LLC now owns 138,281 shares of the insurance provider’s stock worth $501,000 after acquiring an additional 6,968 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Citizens by 2.3% in the third quarter. Geode Capital Management LLC now owns 458,886 shares of the insurance provider’s stock worth $1,662,000 after acquiring an additional 10,235 shares in the last quarter. Hedge funds and other institutional investors own 13.73% of the company’s stock.

Wall Street Analyst Weigh In

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

Citizens Price Performance

Shares of NYSE:CIA opened at $4.65 on Wednesday. Citizens, Inc. has a 1 year low of $1.78 and a 1 year high of $5.95. The business has a 50 day simple moving average of $4.29 and a two-hundred day simple moving average of $3.80. The firm has a market capitalization of $231.83 million, a PE ratio of 10.80 and a beta of 0.12.

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.