EA Series Trust acquired a new stake in Citizens, Inc. (NYSE:CIA – Free Report) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 94,291 shares of the insurance provider’s stock, valued at approximately $227,000.
Other hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in shares of Citizens by 285.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,758 shares of the insurance provider’s stock valued at $29,000 after buying an additional 6,483 shares during the last quarter. Prudential Financial Inc. purchased a new position in Citizens in the second quarter valued at about $47,000. Jane Street Group LLC acquired a new position in Citizens during the second quarter valued at approximately $48,000. Virtu Financial LLC bought a new position in Citizens during the second quarter worth $54,000. Finally, HighTower Advisors LLC raised its stake in shares of Citizens by 100.0% in the 4th quarter. HighTower Advisors LLC now owns 30,000 shares of the insurance provider’s stock valued at $64,000 after buying an additional 15,000 shares in the last quarter. 12.83% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Citizens
In other news, Director James Keith Morgan bought 11,890 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were purchased at an average price of $2.90 per share, with a total value of $34,481.00. Following the purchase, the director now owns 51,855 shares in the company, valued at $150,379.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.88% of the stock is owned by corporate insiders.
Citizens Trading Up 5.3 %
Citizens (NYSE:CIA – Get Free Report) last announced its quarterly earnings results on Friday, August 4th. The insurance provider reported $0.12 EPS for the quarter. The company had revenue of $57.82 million during the quarter. Citizens had a return on equity of 12.84% and a net margin of 3.88%.
Analysts Set New Price Targets
A number of analysts have commented on CIA shares. TheStreet raised shares of Citizens from a “d+” rating to a “c” rating in a report on Wednesday, August 16th. StockNews.com assumed coverage on shares of Citizens in a report on Thursday, October 5th. They issued a “hold” rating for the company.
Read Our Latest Stock Report on CIA
Citizens Company Profile
Citizens, Inc, through its subsidiaries, 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.
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