Barclays PLC Raises Holdings in Citizens, Inc. (NYSE:CIA)

Barclays PLC lifted its stake in shares of Citizens, Inc. (NYSE:CIA) by 24.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 52,379 shares of the insurance provider’s stock after purchasing an additional 10,267 shares during the period. Barclays PLC’s holdings in Citizens were worth $189,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. First Eagle Investment Management LLC grew its stake in shares of Citizens by 26.8% during the second quarter. First Eagle Investment Management LLC now owns 418,923 shares of the insurance provider’s stock worth $1,139,000 after purchasing an additional 88,415 shares in the last quarter. Empowered Funds LLC lifted its holdings in Citizens by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 138,281 shares of the insurance provider’s stock worth $501,000 after buying an additional 6,968 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Citizens during the 3rd quarter worth about $82,000. 13.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Singular Research upgraded Citizens to a “strong-buy” rating in a research note on Monday, November 18th.

Citizens Trading Down 2.3 %

Shares of Citizens stock opened at $4.31 on Tuesday. The company has a fifty day simple moving average of $4.39 and a 200-day simple moving average of $3.68. Citizens, Inc. has a 12-month low of $1.78 and a 12-month high of $5.95. The stock has a market cap of $215.10 million, a price-to-earnings ratio of 10.02 and a beta of 0.12.

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.