Marietta Wealth Management LLC purchased a new stake in shares of Citizens, Inc. (NYSE:CIA – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 23,617 shares of the insurance provider’s stock, valued at approximately $64,000.
Separately, Empowered Funds LLC increased its stake in shares of Citizens by 8.1% in the 1st quarter. Empowered Funds LLC now owns 121,953 shares of the insurance provider’s stock worth $261,000 after purchasing an additional 9,112 shares in the last quarter. Institutional investors and hedge funds own 13.73% of the company’s stock.
Citizens Stock Up 3.9 %
CIA stock traded up $0.11 during trading on Friday, reaching $2.91. The company’s stock had a trading volume of 38,014 shares, compared to its average volume of 53,338. Citizens, Inc. has a 1 year low of $1.78 and a 1 year high of $3.69. The company has a market capitalization of $144.25 million, a P/E ratio of 6.19 and a beta of 0.16. The company’s fifty day moving average is $2.75 and its 200-day moving average is $2.57.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Citizens from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th.
View Our Latest Stock Report on Citizens
Citizens 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.
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