Citizens (NYSE:CIA) Lowered to Sell Rating by StockNews.com

Citizens (NYSE:CIA) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Citizens Stock Performance

NYSE CIA opened at $4.86 on Thursday. The stock has a market capitalization of $242.50 million, a P/E ratio of 11.30 and a beta of 0.11. Citizens has a 52 week low of $1.78 and a 52 week high of $5.95. The stock has a fifty day moving average of $4.94 and a 200-day moving average of $4.49.

Citizens (NYSE:CIA) last announced its quarterly earnings data on Thursday, March 13th. The insurance provider reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The firm had revenue of $63.47 million during the quarter, compared to analyst estimates of $64.66 million. Citizens had a return on equity of 11.50% and a net margin of 8.87%. Equities research analysts forecast that Citizens will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Citizens

Large investors have recently bought and sold shares of the business. Alpine Global Management LLC acquired a new stake in Citizens during the 4th quarter worth $41,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Citizens during the fourth quarter worth $63,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Citizens in the third quarter valued at about $82,000. Y Intercept Hong Kong Ltd acquired a new position in Citizens in the fourth quarter valued at about $92,000. Finally, Balyasny Asset Management L.P. bought a new position in Citizens during the fourth quarter worth about $120,000. 13.73% of the stock is currently owned by institutional investors and hedge funds.

Citizens Company 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.