683 Capital Management LLC Takes $304,000 Position in Citizens, Inc. (NYSE:CIA)

683 Capital Management LLC acquired a new position in shares of Citizens, Inc. (NYSE:CIA) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 75,809 shares of the insurance provider’s stock, valued at approximately $304,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jane Street Group LLC acquired a new position in Citizens during the 4th quarter worth approximately $291,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Citizens in the fourth quarter worth $249,000. Northern Trust Corp boosted its holdings in Citizens by 5.7% during the fourth quarter. Northern Trust Corp now owns 106,327 shares of the insurance provider’s stock worth $426,000 after purchasing an additional 5,696 shares during the last quarter. Alpine Global Management LLC bought a new position in Citizens in the fourth quarter valued at $41,000. Finally, Dimensional Fund Advisors LP increased its stake in Citizens by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 269,581 shares of the insurance provider’s stock valued at $1,081,000 after buying an additional 2,590 shares during the last quarter. Institutional investors and hedge funds own 13.73% of the company’s stock.

Citizens Stock Up 4.1 %

CIA stock opened at $4.24 on Friday. The company has a market cap of $211.36 million, a price-to-earnings ratio of 9.85 and a beta of 0.44. Citizens, Inc. has a twelve month low of $2.05 and a twelve month high of $5.95. The business has a 50 day moving average price of $4.49 and a two-hundred day moving average price of $4.58.

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

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Citizens from a “sell” rating to a “hold” rating in a research note on Wednesday, April 16th.

Insider Activity

In other news, CEO Jon Stenberg bought 106,340 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The stock was acquired at an average cost of $3.89 per share, for a total transaction of $413,662.60. Following the purchase, the chief executive officer now owns 124,363 shares of the company’s stock, valued at approximately $483,772.07. This trade represents a 590.02 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.20% of the company’s stock.

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.