Citizens (NYSE:CIA) Downgraded to Sell Rating by StockNews.com

StockNews.com lowered shares of Citizens (NYSE:CIA) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

Citizens Trading Up 1.8 %

CIA opened at $4.93 on Thursday. Citizens has a twelve month low of $1.78 and a twelve month high of $5.95. The firm has a market cap of $245.79 million, a price-to-earnings ratio of 11.45 and a beta of 0.11. The company has a fifty day simple moving average of $4.95 and a 200 day simple moving average of $4.49.

Citizens (NYSE:CIA) last announced its earnings results on Thursday, March 13th. The insurance provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The business had revenue of $63.47 million for the quarter, compared to analysts’ expectations of $64.66 million. Citizens had a return on equity of 11.50% and a net margin of 8.87%. On average, analysts forecast that Citizens will post 0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CIA. Alpine Global Management LLC bought a new position in shares of Citizens during the fourth quarter worth about $41,000. OMERS ADMINISTRATION Corp acquired a new stake in Citizens during the fourth quarter valued at approximately $63,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Citizens during the 3rd quarter worth approximately $82,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Citizens in the 4th quarter worth approximately $92,000. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Citizens in the 4th quarter valued at approximately $120,000. 13.73% of the stock is owned by institutional investors and hedge funds.

About Citizens

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.