Citizens (CIA) Downgraded by ValuEngine

Citizens (NYSE:CIA) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Thursday.

Shares of Citizens (CIA) traded up $0.20 during trading on Thursday, reaching $7.29. The company had a trading volume of 58,978 shares, compared to its average volume of 64,399. Citizens has a 52-week low of $5.86 and a 52-week high of $10.17.

Institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas purchased a new position in Citizens during the fourth quarter worth approximately $119,000. Goldman Sachs Group Inc. purchased a new stake in Citizens in the second quarter valued at $166,000. Voya Investment Management LLC raised its position in Citizens by 15.9% in the second quarter. Voya Investment Management LLC now owns 27,736 shares of the insurance provider’s stock valued at $205,000 after purchasing an additional 3,814 shares during the period. UBS Asset Management Americas Inc. raised its position in Citizens by 27.2% in the second quarter. UBS Asset Management Americas Inc. now owns 29,002 shares of the insurance provider’s stock valued at $214,000 after purchasing an additional 6,200 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position 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 valued at $319,000 after purchasing an additional 4,577 shares during the period. Hedge funds and other institutional investors own 20.36% of the company’s stock.

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About Citizens

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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