Citizens (CIA) Stock Rating Upgraded by ValuEngine

Citizens (NYSE:CIA) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.

Separately, BidaskClub cut shares of Citizens from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th.

Citizens (CIA) traded down $0.55 during mid-day trading on Friday, reaching $8.05. 112,726 shares of the company were exchanged, compared to its average volume of 111,379. Citizens has a twelve month low of $5.86 and a twelve month high of $11.93.

Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. acquired a new position in Citizens during the 2nd quarter worth approximately $166,000. Vanguard Group Inc. increased its position in Citizens by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,916,392 shares of the insurance provider’s stock valued at $14,143,000 after acquiring an additional 71,183 shares during the period. Northern Trust Corp increased its position in Citizens by 3.3% in the 2nd quarter. Northern Trust Corp now owns 521,886 shares of the insurance provider’s stock valued at $3,851,000 after acquiring an additional 16,444 shares during the period. Hancock Holding Co. acquired a new position in Citizens in the 2nd quarter valued at approximately $225,000. Finally, State Street Corp increased its position in Citizens by 6.4% in the 2nd quarter. State Street Corp now owns 856,251 shares of the insurance provider’s stock valued at $6,322,000 after acquiring an additional 51,642 shares during the period. Institutional investors and hedge funds own 20.36% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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