First Eagle Investment Management LLC Buys 88,415 Shares of Citizens, Inc. (NYSE:CIA)

First Eagle Investment Management LLC grew its stake in Citizens, Inc. (NYSE:CIA) by 26.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 418,923 shares of the insurance provider’s stock after acquiring an additional 88,415 shares during the quarter. First Eagle Investment Management LLC’s holdings in Citizens were worth $1,139,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Ritholtz Wealth Management purchased a new position in shares of Citizens in the second quarter worth $54,000. Marietta Wealth Management LLC purchased a new stake in Citizens during the second quarter valued at $64,000. Finally, Empowered Funds LLC increased its position in Citizens by 8.1% during the first quarter. Empowered Funds LLC now owns 121,953 shares of the insurance provider’s stock valued at $261,000 after acquiring an additional 9,112 shares during the last quarter. 13.73% of the stock is owned by institutional investors.

Citizens Stock Performance

Citizens stock opened at $3.43 on Friday. The stock has a market cap of $170.03 million, a PE ratio of 7.30 and a beta of 0.14. Citizens, Inc. has a one year low of $1.78 and a one year high of $3.69. The stock has a fifty day moving average of $2.90 and a 200 day moving average of $2.62.

Citizens (NYSE:CIA) last issued its quarterly earnings results on Tuesday, August 6th. The insurance provider reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $62.34 million during the quarter, compared to analysts’ expectations of $58.59 million. Citizens had a return on equity of 12.33% and a net margin of 8.92%. As a group, sell-side analysts predict that Citizens, Inc. will post 0.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other Citizens news, CEO Jon Stenberg acquired 12,558 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was purchased at an average price of $2.96 per share, with a total value of $37,171.68. Following the completion of the purchase, the chief executive officer now directly owns 18,023 shares in the company, valued at approximately $53,348.08. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders purchased a total of 28,633 shares of company stock worth $80,028 over the last quarter. 0.88% of the stock is currently owned by corporate insiders.

Citizens Profile

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.