Citizens, Inc. (CIA) Downgraded by BidaskClub

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

Shares of Citizens (CIA) opened at 7.58 on Thursday. Citizens has a one year low of $5.86 and a one year high of $11.93. The stock has a market cap of $379.61 million, a P/E ratio of 68.91 and a beta of 1.11. The stock has a 50 day moving average of $7.76 and a 200 day moving average of $7.39.

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A number of large investors have recently modified their holdings of CIA. The Manufacturers Life Insurance Company increased its stake in shares of 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 during the last quarter. State Street Corp increased its stake in shares of 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 during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Citizens during the second quarter worth $166,000. Voya Investment Management LLC increased its stake in shares of 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 during the last quarter. Finally, Hancock Holding Co. bought a new stake in shares of Citizens during the second quarter worth $225,000. 20.13% of the stock is currently owned by institutional investors.

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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