Geode Capital Management LLC Acquires 10,235 Shares of Citizens, Inc. (NYSE:CIA)

Geode Capital Management LLC raised its holdings in Citizens, Inc. (NYSE:CIA) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 458,886 shares of the insurance provider’s stock after purchasing an additional 10,235 shares during the period. Geode Capital Management LLC’s holdings in Citizens were worth $1,662,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in Citizens in the 3rd quarter valued at approximately $82,000. Barclays PLC lifted its position in shares of Citizens by 24.4% during the third quarter. Barclays PLC now owns 52,379 shares of the insurance provider’s stock worth $189,000 after acquiring an additional 10,267 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Citizens by 5.3% in the third quarter. Empowered Funds LLC now owns 138,281 shares of the insurance provider’s stock worth $501,000 after acquiring an additional 6,968 shares during the period. Finally, First Eagle Investment Management LLC grew its position in shares of Citizens by 26.8% in the second quarter. First Eagle Investment Management LLC now owns 418,923 shares of the insurance provider’s stock valued at $1,139,000 after purchasing an additional 88,415 shares in the last quarter. Institutional investors own 13.73% of the company’s stock.

Citizens Trading Down 3.0 %

CIA stock opened at $4.21 on Thursday. The firm has a 50 day moving average of $4.38 and a 200-day moving average of $3.69. The firm has a market capitalization of $210.11 million, a P/E ratio of 9.79 and a beta of 0.12. Citizens, Inc. has a 12 month low of $1.78 and a 12 month high of $5.95.

Wall Street Analysts Forecast Growth

Separately, Singular Research raised Citizens to a “strong-buy” rating in a report on Monday, November 18th.

Citizens Company Profile

Citizens, Inc provides life insurance products in the United States and internationally. The company 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 non-U.S.