TheStreet lowered shares of Citizens (NYSE:CIA) from a c- rating to a d+ rating in a report released on Wednesday morning.
Several other research analysts have also recently issued reports on the company. ValuEngine raised Citizens from a sell rating to a hold rating in a research report on Wednesday, January 2nd. TD Securities reaffirmed a buy rating and set a $1.90 target price on shares of Citizens in a research report on Tuesday, December 11th.
Get Citizens alerts:Shares of NYSE:CIA opened at $7.01 on Wednesday. Citizens has a 12-month low of $6.67 and a 12-month high of $8.80.
Citizens (NYSE:CIA) last announced its earnings results on Wednesday, November 7th. The insurance provider reported ($0.30) earnings per share (EPS) for the quarter. The company had revenue of $61.66 million for the quarter. Citizens had a negative net margin of 24.95% and a negative return on equity of 30.31%.
Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC boosted its position in shares of Citizens by 75.9% during the third quarter. SG Americas Securities LLC now owns 19,574 shares of the insurance provider’s stock valued at $164,000 after buying an additional 8,443 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Citizens by 19.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 246,439 shares of the insurance provider’s stock valued at $1,920,000 after buying an additional 39,781 shares during the last quarter. BlackRock Inc. boosted its position in shares of Citizens by 7.1% during the second quarter. BlackRock Inc. now owns 3,375,939 shares of the insurance provider’s stock valued at $26,300,000 after buying an additional 223,771 shares during the last quarter. MetLife Investment Advisors LLC boosted its position in shares of Citizens by 61.4% during the third quarter. MetLife Investment Advisors LLC now owns 35,786 shares of the insurance provider’s stock valued at $301,000 after buying an additional 13,614 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of Citizens by 7.8% during the second quarter. California Public Employees Retirement System now owns 105,220 shares of the insurance provider’s stock valued at $820,000 after buying an additional 7,620 shares during the last quarter. 22.11% of the stock is currently owned by institutional investors.
Citizens Company Profile
Citizens, Inc, through its subsidiaries, provides life insurance products in the United States and internationally. It operates through two segments, Life Insurance and Home Service Insurance. The Life Insurance segment offers ordinary whole life, burial insurance, pre-need policies, and accident and health related policies, as well as credit life insurance and final expense policies to middle and lower income families, and individuals in the Midwest and Southern United States; and whole life and endowment policies to international residents.
Further Reading: Mutual Funds
No comments:
Post a Comment