Citizens (NYSE:CIA) Upgraded to Buy at ValuEngine

ValuEngine upgraded shares of Citizens (NYSE:CIA) from a hold rating to a buy rating in a report published on Friday, December 1st.

Separately, BidaskClub cut shares of Citizens from a buy rating to a hold rating in a research note on Thursday, August 24th.

Citizens (NYSE:CIA) traded down $0.20 on Friday, hitting $7.39. 129,600 shares of the stock traded hands, compared to its average volume of 118,605. Citizens has a 12-month low of $5.86 and a 12-month high of $11.93.

Several large investors have recently made changes to their positions in CIA. Goldman Sachs Group Inc. purchased a new position in shares of Citizens during the 2nd quarter valued at approximately $166,000. Voya Investment Management LLC lifted its position in shares of Citizens by 15.9% during the 2nd quarter. Voya Investment Management LLC now owns 27,736 shares of the insurance provider’s stock valued at $205,000 after buying an additional 3,814 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Citizens by 27.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 29,002 shares of the insurance provider’s stock valued at $214,000 after buying an additional 6,200 shares in the last quarter. Hancock Holding Co. purchased a new position in shares of Citizens during the 2nd quarter valued at approximately $225,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in Citizens by 11.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,258 shares of the insurance provider’s stock valued at $319,000 after purchasing an additional 4,577 shares in the last quarter. Hedge funds and other institutional investors own 20.36% of the company’s stock.

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About Citizens

Citizens, Inc is an insurance holding company. The Company operates in three business segments: Life Insurance, Home Service and Other Non-Insurance Enterprises. The Life Insurance segment issues ordinary whole life insurance in the United States and in the United States Dollar-denominated amounts to foreign residents.

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

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