Citizens (CIA) Downgraded by ValuEngine to Sell

Citizens (NYSE:CIA) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Monday, April 1st, ValuEngine reports.

A number of other equities analysts have also recently issued reports on the company. TheStreet cut Citizens from a “c-” rating to a “d+” rating in a report on Wednesday, February 6th. TD Securities reiterated a “buy” rating and issued a $1.90 target price on shares of Citizens in a report on Tuesday, December 11th.

Shares of CIA stock traded down $0.01 during trading hours on Monday, hitting $6.94. 30,681 shares of the company were exchanged, compared to its average volume of 61,509. Citizens has a fifty-two week low of $6.45 and a fifty-two week high of $8.80.

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in shares of Citizens by 2.0% in the 4th quarter. BlackRock Inc. now owns 3,478,038 shares of the insurance provider’s stock worth $26,153,000 after purchasing an additional 69,365 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of Citizens by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 1,949,787 shares of the insurance provider’s stock worth $16,378,000 after purchasing an additional 8,961 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Citizens by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,949,787 shares of the insurance provider’s stock worth $16,378,000 after purchasing an additional 8,961 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Citizens by 1.9% in the 4th quarter. Northern Trust Corp now owns 592,363 shares of the insurance provider’s stock worth $4,454,000 after purchasing an additional 10,897 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Citizens by 18.5% in the 4th quarter. Geode Capital Management LLC now owns 481,328 shares of the insurance provider’s stock worth $3,619,000 after purchasing an additional 75,186 shares in the last quarter. Institutional investors own 22.49% of the company’s stock.

About Citizens

Citizens, Inc, through its subsidiaries, provides life insurance products in the United States and internationally. It 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 international residents in approximately 20 countries through 1,110 independent marketing consultants, as well as through approximately 50 independent marketing firms and consultants throughout the United States.

Further Reading: The mechanics of the bid-ask spread in trading

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Citizens Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens and related companies with MarketBeat.com's FREE daily email newsletter.