Citizens (NYSE:CIA) Lowered to Sell at ValuEngine

Citizens (NYSE:CIA) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, ValuEngine reports.

NYSE CIA traded down $0.12 on Thursday, reaching $6.96. 53,975 shares of the stock traded hands, compared to its average volume of 64,327. The stock’s fifty day simple moving average is $7.25. Citizens has a 12 month low of $6.30 and a 12 month high of $8.80.

Citizens (NYSE:CIA) last issued its earnings results on Friday, May 10th. The insurance provider reported ($0.08) earnings per share for the quarter. The firm had revenue of $56.45 million for the quarter. Citizens had a negative net margin of 5.99% and a negative return on equity of 7.67%.

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA raised its position in shares of Citizens by 454.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 10,362 shares of the insurance provider’s stock worth $69,000 after acquiring an additional 8,492 shares in the last quarter. Legal & General Group Plc raised its position in shares of Citizens by 32.8% in the 4th quarter. Legal & General Group Plc now owns 9,626 shares of the insurance provider’s stock worth $72,000 after acquiring an additional 2,378 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Citizens in the 1st quarter worth $74,000. Metropolitan Life Insurance Co. NY raised its position in shares of Citizens by 380.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 17,195 shares of the insurance provider’s stock worth $129,000 after acquiring an additional 13,614 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Citizens by 63.5% in the 4th quarter. Bank of America Corp DE now owns 37,037 shares of the insurance provider’s stock worth $278,000 after acquiring an additional 14,383 shares in the last quarter. 21.06% of the stock is owned by institutional investors and hedge funds.

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.

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