Y Intercept Hong Kong Ltd Makes New Investment in Citizens, Inc. (NYSE:CIA)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Citizens, Inc. (NYSE:CIA) during the 4th quarter, Holdings Channel.com reports. The fund purchased 22,826 shares of the insurance provider’s stock, valued at approximately $92,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CIA. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Citizens during the third quarter valued at $82,000. Ritholtz Wealth Management grew its stake in shares of Citizens by 6.7% during the 4th quarter. Ritholtz Wealth Management now owns 46,116 shares of the insurance provider’s stock valued at $185,000 after purchasing an additional 2,901 shares during the period. Barclays PLC increased its position in shares of Citizens by 24.4% during the 3rd quarter. Barclays PLC now owns 52,379 shares of the insurance provider’s stock valued at $189,000 after purchasing an additional 10,267 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Citizens by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 138,281 shares of the insurance provider’s stock worth $501,000 after purchasing an additional 6,968 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Citizens by 2.3% in the third quarter. Geode Capital Management LLC now owns 458,886 shares of the insurance provider’s stock worth $1,662,000 after buying an additional 10,235 shares during the last quarter. 13.73% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Stock Performance

Shares of Citizens stock opened at $4.64 on Thursday. The stock has a market cap of $231.32 million, a P/E ratio of 10.78 and a beta of 0.13. The stock’s fifty day moving average is $4.75 and its 200 day moving average is $4.31. Citizens, Inc. has a one year low of $1.78 and a one year high of $5.95.

Wall Street Analyst Weigh In

Separately, Singular Research raised shares of Citizens to a “strong-buy” rating in a report on Monday, November 18th.

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.