Citizens, Inc. $CIA Stake Raised by Continental General Insurance Co.

Continental General Insurance Co. lifted its stake in shares of Citizens, Inc. (NYSE:CIA) by 274.2% during the third quarter, HoldingsChannel.com reports. The firm owned 1,614,275 shares of the insurance provider’s stock after purchasing an additional 1,182,902 shares during the period. Citizens accounts for about 1.6% of Continental General Insurance Co.’s portfolio, making the stock its 8th largest position. Continental General Insurance Co.’s holdings in Citizens were worth $8,475,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of Citizens by 118.0% in the second quarter. Geode Capital Management LLC now owns 1,032,234 shares of the insurance provider’s stock valued at $3,603,000 after purchasing an additional 558,840 shares during the period. Bridgeway Capital Management LLC grew its position in Citizens by 3.7% during the second quarter. Bridgeway Capital Management LLC now owns 428,533 shares of the insurance provider’s stock worth $1,496,000 after buying an additional 15,433 shares during the period. Barclays PLC increased its holdings in Citizens by 38.5% in the third quarter. Barclays PLC now owns 202,219 shares of the insurance provider’s stock valued at $1,062,000 after buying an additional 56,188 shares in the last quarter. Jane Street Group LLC increased its holdings in Citizens by 133.6% in the first quarter. Jane Street Group LLC now owns 169,308 shares of the insurance provider’s stock valued at $770,000 after buying an additional 96,836 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Citizens by 8.2% during the 1st quarter. Empowered Funds LLC now owns 157,169 shares of the insurance provider’s stock valued at $715,000 after acquiring an additional 11,853 shares during the period. Hedge funds and other institutional investors own 13.73% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Citizens in a research note on Wednesday, January 21st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Citizens presently has an average rating of “Hold”.

Citizens Stock Down 5.7%

Shares of CIA stock opened at $4.62 on Friday. The stock has a market cap of $232.13 million, a P/E ratio of 16.50 and a beta of 0.43. Citizens, Inc. has a fifty-two week low of $2.90 and a fifty-two week high of $6.40. The business has a fifty day simple moving average of $5.49 and a 200-day simple moving average of $5.48.

Citizens (NYSE:CIA) last released its quarterly earnings data on Thursday, March 12th. The insurance provider reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. The business had revenue of $72.07 million for the quarter, compared to analyst estimates of $67.89 million. Citizens had a net margin of 5.71% and a return on equity of 7.32%. On average, sell-side analysts anticipate that Citizens, Inc. will post 0.32 earnings per share for the current year.

Citizens Profile

Citizens, Inc (NYSE:CIA) is a bank holding company headquartered in Conway, Arkansas. Through its wholly owned subsidiary, Citizens Bank of Northern Arkansas, the company provides commercial and consumer banking services to individuals, small businesses and corporate clients across Northern and Central Arkansas.

Citizens offers a range of deposit products, including checking accounts, savings accounts and certificates of deposit, alongside lending solutions such as residential mortgages, commercial real estate loans and consumer installment loans.