Truffle Hound Capital LLC Acquires New Shares in Citizens, Inc. (NYSE:CIA)

Truffle Hound Capital LLC acquired a new stake in Citizens, Inc. (NYSE:CIA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 376,863 shares of the insurance provider’s stock, valued at approximately $1,511,000. Truffle Hound Capital LLC owned approximately 0.76% of Citizens at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Citizens in the 3rd quarter valued at approximately $82,000. Y Intercept Hong Kong Ltd purchased a new position in Citizens in the 4th quarter valued at approximately $92,000. Ritholtz Wealth Management increased its stake in Citizens by 6.7% in 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 in the last quarter. Barclays PLC increased its stake in Citizens by 24.4% in 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 in the last quarter. Finally, Empowered Funds LLC increased its stake in Citizens by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 138,281 shares of the insurance provider’s stock valued at $501,000 after purchasing an additional 6,968 shares in the last quarter. 13.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Citizens from a “hold” rating to a “sell” rating in a research report on Tuesday.

Citizens Stock Performance

Citizens stock opened at $5.16 on Friday. The stock has a fifty day moving average of $4.89 and a two-hundred day moving average of $4.44. The company has a market capitalization of $257.27 million, a price-to-earnings ratio of 11.99 and a beta of 0.11. Citizens, Inc. has a fifty-two week low of $1.78 and a fifty-two week high of $5.95.

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

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.