ValuEngine upgraded shares of Citizens, Inc. (NYSE:CIA) from a hold rating to a buy rating in a research note released on Friday morning.

Separately, BidaskClub downgraded shares of Citizens from a buy rating to a hold rating in a report on Thursday, August 24th.

Shares of Citizens (CIA) traded up 0.93% during midday trading on Friday, reaching $7.56. The company’s stock had a trading volume of 101,818 shares. The company has a market cap of $378.61 million, a PE ratio of 68.73 and a beta of 1.11. The company’s 50-day moving average price is $7.58 and its 200-day moving average price is $7.20. Citizens has a 12 month low of $5.86 and a 12 month high of $11.93.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. boosted its holdings in shares of Citizens by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 182,985 shares of the insurance provider’s stock valued at $1,351,000 after purchasing an additional 969 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in shares of Citizens by 1.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 126,807 shares of the insurance provider’s stock valued at $936,000 after purchasing an additional 2,024 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Citizens by 15.9% during the 2nd quarter. Voya Investment Management LLC now owns 27,736 shares of the insurance provider’s stock valued at $205,000 after purchasing an additional 3,814 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Citizens by 11.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,258 shares of the insurance provider’s stock valued at $319,000 after purchasing an additional 4,577 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in shares of Citizens by 27.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 29,002 shares of the insurance provider’s stock valued at $214,000 after purchasing an additional 6,200 shares during the last quarter. 20.68% of the stock is owned by institutional investors and hedge funds.

Citizens Company Profile

Citizens, Inc is an insurance holding company. The Company operates in three business segments: Life Insurance, Home Service and Other Non-Insurance Enterprises. The Life Insurance segment issues ordinary whole life insurance in the United States and in the United States Dollar-denominated amounts to foreign residents.

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