Stone Ridge Asset Management LLC Purchases Shares of 17,857 Citizens, Inc. (CIA)

Stone Ridge Asset Management LLC purchased a new stake in shares of Citizens, Inc. (NYSE:CIA) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 17,857 shares of the insurance provider’s stock, valued at approximately $131,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CIA. Schwab Charles Investment Management Inc. boosted its position in Citizens by 4.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 191,916 shares of the insurance provider’s stock valued at $1,411,000 after purchasing an additional 8,931 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Citizens during the fourth quarter valued at $119,000. Bank of New York Mellon Corp boosted its position in Citizens by 4.4% during the fourth quarter. Bank of New York Mellon Corp now owns 224,961 shares of the insurance provider’s stock valued at $1,653,000 after purchasing an additional 9,507 shares during the last quarter. BlackRock Inc. boosted its position in Citizens by 1.3% during the fourth quarter. BlackRock Inc. now owns 3,175,769 shares of the insurance provider’s stock valued at $23,342,000 after purchasing an additional 40,765 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in Citizens by 140.6% during the fourth quarter. Deutsche Bank AG now owns 105,056 shares of the insurance provider’s stock valued at $769,000 after purchasing an additional 61,399 shares during the last quarter. 20.84% of the stock is owned by hedge funds and other institutional investors.

Separately, ValuEngine cut Citizens from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th.

CIA opened at $7.37 on Monday. Citizens, Inc. has a 1 year low of $5.86 and a 1 year high of $8.87.

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About Citizens

Citizens, Inc, through its subsidiaries, provides life insurance products in the United States and internationally. The company's Life Insurance segment offers ordinary whole-life, burial insurance, pre-need, and accident and health related policies in the Midwest and southern United States, as well as ordinary whole-life policies and endowment policies to non-U.S.

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Institutional Ownership by Quarter for Citizens (NYSE:CIA)

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