Truffle Hound Capital LLC Takes Position in Citizens, Inc. (NYSE:CIA)

Truffle Hound Capital LLC acquired a new stake in Citizens, Inc. (NYSE:CIA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 376,863 shares of the insurance provider’s stock, valued at approximately $1,511,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. First Eagle Investment Management LLC grew its position in shares of Citizens by 14.2% in the fourth quarter. First Eagle Investment Management LLC now owns 554,894 shares of the insurance provider’s stock valued at $2,225,000 after purchasing an additional 68,824 shares during the period. Geode Capital Management LLC grew its position 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 valued at $1,662,000 after purchasing an additional 10,235 shares during the period. Empowered Funds LLC grew its position in shares of Citizens by 5.1% in the fourth quarter. Empowered Funds LLC now owns 145,316 shares of the insurance provider’s stock valued at $583,000 after purchasing an additional 7,035 shares during the period. Barclays PLC boosted its holdings in Citizens by 24.4% in the third quarter. Barclays PLC now owns 52,379 shares of the insurance provider’s stock valued at $189,000 after acquiring an additional 10,267 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in Citizens by 6.7% in the fourth quarter. Ritholtz Wealth Management now owns 46,116 shares of the insurance provider’s stock valued at $185,000 after acquiring an additional 2,901 shares during the last quarter. Hedge funds and other institutional investors own 13.73% of the company’s stock.

Wall Street Analyst Weigh In

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

Citizens Trading Down 2.0 %

Shares of Citizens stock opened at $5.16 on Friday. Citizens, Inc. has a twelve month low of $1.78 and a twelve month high of $5.95. The stock has a market capitalization of $257.27 million, a P/E ratio of 11.99 and a beta of 0.11. The business’s fifty day moving average price is $4.89 and its 200 day moving average price is $4.44.

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 net margin of 8.87% and a return on equity of 11.50%. The firm had revenue of $63.47 million during the quarter, compared to analyst estimates of $64.66 million. As a group, sell-side analysts predict that Citizens, Inc. will post 0.32 EPS for the current year.

Citizens 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.