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.
ILLEGAL ACTIVITY NOTICE: “Stone Ridge Asset Management LLC Purchases Shares of 17,857 Citizens, Inc. (CIA)” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another publication, it was copied illegally and republished in violation of international copyright laws. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2018/04/09/stone-ridge-asset-management-llc-purchases-shares-of-17857-citizens-inc-cia.html.
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.
Want to see what other hedge funds are holding CIA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citizens, Inc. (NYSE:CIA).
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.