Dimensional Fund Advisors LP Reduces Position in Citizens, Inc. (NYSE:CIA)

Dimensional Fund Advisors LP cut its position in shares of Citizens, Inc. (NYSE:CIA) by 35.7% in the second quarter, Holdings Channel.com reports. The firm owned 297,066 shares of the insurance provider’s stock after selling 165,021 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Citizens were worth $808,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Ritholtz Wealth Management purchased a new position in shares of Citizens during the 2nd quarter worth about $54,000. Marietta Wealth Management LLC purchased a new position in shares of Citizens during the 2nd quarter worth about $64,000. First Eagle Investment Management LLC boosted its stake in shares of Citizens by 69.1% during the 1st quarter. First Eagle Investment Management LLC now owns 330,508 shares of the insurance provider’s stock worth $707,000 after purchasing an additional 135,069 shares during the period. Finally, Empowered Funds LLC boosted its stake in shares of Citizens by 8.1% during the 1st quarter. Empowered Funds LLC now owns 121,953 shares of the insurance provider’s stock worth $261,000 after purchasing an additional 9,112 shares during the period. 13.73% of the stock is owned by hedge funds and other institutional investors.

Citizens Price Performance

Citizens stock opened at $4.75 on Monday. The stock has a market cap of $235.47 million, a price-to-earnings ratio of 10.11 and a beta of 0.15. Citizens, Inc. has a 1 year low of $1.78 and a 1 year high of $5.32. The firm has a 50-day moving average of $3.28 and a two-hundred day moving average of $2.82.

Citizens (NYSE:CIA) last released its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. The company had revenue of $62.34 million during the quarter, compared to analysts’ expectations of $58.59 million. Citizens had a net margin of 8.92% and a return on equity of 12.33%. Research analysts expect that Citizens, Inc. will post 0.32 earnings per share for the current year.

Insider Activity

In other Citizens news, CEO Jon Stenberg purchased 12,558 shares of Citizens stock in a transaction dated Thursday, September 5th. The stock was acquired at an average price of $2.96 per share, for a total transaction of $37,171.68. Following the acquisition, the chief executive officer now owns 18,023 shares in the company, valued at $53,348.08. This trade represents a 200.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders acquired 24,053 shares of company stock worth $68,166. 0.88% of the stock is currently owned by corporate insiders.

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.