10,205 Shares in Citizens, Inc. (NYSE:CIA) Acquired by Alpine Global Management LLC

Alpine Global Management LLC purchased a new position in shares of Citizens, Inc. (NYSE:CIA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,205 shares of the insurance provider’s stock, valued at approximately $41,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. OMERS ADMINISTRATION Corp bought a new stake in Citizens in the fourth quarter valued at approximately $63,000. Millennium Management LLC increased its stake in Citizens by 49.2% in the fourth quarter. Millennium Management LLC now owns 202,347 shares of the insurance provider’s stock valued at $811,000 after purchasing an additional 66,718 shares in the last quarter. Jefferies Financial Group Inc. increased its stake in Citizens by 9.4% in the fourth quarter. Jefferies Financial Group Inc. now owns 36,976 shares of the insurance provider’s stock valued at $148,000 after purchasing an additional 3,176 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in Citizens by 0.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 427,347 shares of the insurance provider’s stock valued at $1,714,000 after purchasing an additional 3,235 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in Citizens in the fourth quarter valued at approximately $120,000. 13.73% of the stock is owned by institutional investors.

Citizens Stock Performance

Shares of NYSE:CIA opened at $3.84 on Friday. Citizens, Inc. has a 52 week low of $2.33 and a 52 week high of $5.95. The company has a market capitalization of $191.64 million, a PE ratio of 8.93 and a beta of 0.44. The company has a 50 day moving average price of $4.29 and a two-hundred day moving average price of $4.49.

Citizens (NYSE:CIA) last issued its quarterly earnings data on Thursday, March 13th. The insurance provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.03). Citizens had a return on equity of 11.50% and a net margin of 8.87%. The company had revenue of $63.47 million for the quarter, compared to the consensus estimate of $64.66 million. On average, sell-side analysts forecast that Citizens, Inc. will post 0.32 earnings per share for the current year.

Insider Transactions at Citizens

In related news, CEO Jon Stenberg acquired 106,340 shares of the stock in a transaction dated Monday, April 7th. The stock was bought at an average price of $3.89 per share, with a total value of $413,662.60. Following the completion of the transaction, the chief executive officer now directly owns 124,363 shares of the company’s stock, valued at approximately $483,772.07. The trade was a 590.02% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Citizens from a “hold” rating to a “sell” rating in a research note on Thursday.

About Citizens

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.