Citizens, Inc. (NYSE:CIA) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Thursday.

Shares of Citizens (NYSE CIA) traded down 1.05% on Thursday, reaching $7.53. The company had a trading volume of 91,171 shares. The stock has a 50 day moving average price of $7.81 and a 200-day moving average price of $7.38. Citizens has a 12 month low of $5.86 and a 12 month high of $11.93. The company has a market capitalization of $377.11 million, a price-to-earnings ratio of 68.45 and a beta of 1.11.

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Several hedge funds have recently added to or reduced their stakes in CIA. The Manufacturers Life Insurance Company boosted its stake in Citizens by 11.8% in the second quarter. The Manufacturers Life Insurance Company now owns 43,258 shares of the insurance provider’s stock worth $319,000 after buying an additional 4,577 shares in the last quarter. State Street Corp boosted its stake in Citizens by 6.4% in the second quarter. State Street Corp now owns 856,251 shares of the insurance provider’s stock worth $6,322,000 after buying an additional 51,642 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in Citizens during the second quarter worth approximately $166,000. Voya Investment Management LLC boosted its stake in Citizens by 15.9% in the second quarter. Voya Investment Management LLC now owns 27,736 shares of the insurance provider’s stock worth $205,000 after buying an additional 3,814 shares in the last quarter. Finally, Hancock Holding Co. purchased a new stake in Citizens during the second quarter worth approximately $225,000. Institutional investors and hedge funds own 20.13% of the company’s stock.

Citizens Company Profile

Citizens, Inc is an insurance holding company. The Company operates in three business segments: Life Insurance, Home Service and Other Non-Insurance Enterprises. The Life Insurance segment issues ordinary whole life insurance in the United States and in the United States Dollar-denominated amounts to foreign residents.

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