Swiss National Bank lifted its holdings in shares of Citizens, Inc. (NYSE:CIA) by 10.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,400 shares of the insurance provider’s stock after purchasing an additional 8,700 shares during the quarter. Swiss National Bank owned 0.17% of Citizens worth $667,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in Citizens in the first quarter worth approximately $74,000. BNP Paribas Arbitrage SA boosted its stake in shares of Citizens by 454.1% during the first quarter. BNP Paribas Arbitrage SA now owns 10,362 shares of the insurance provider’s stock valued at $69,000 after purchasing an additional 8,492 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Citizens by 63.5% during the fourth quarter. Bank of America Corp DE now owns 37,037 shares of the insurance provider’s stock valued at $278,000 after purchasing an additional 14,383 shares during the period. 21.51% of the stock is owned by institutional investors and hedge funds.
Shares of Citizens stock traded down $0.01 during midday trading on Friday, reaching $7.27. 500 shares of the company’s stock traded hands, compared to its average volume of 65,082. The stock has a 50 day moving average of $6.73 and a 200-day moving average of $6.87. Citizens, Inc. has a 12 month low of $6.08 and a 12 month high of $8.65.
Separately, ValuEngine lowered Citizens from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.
Citizens, Inc, through its subsidiaries, provides life insurance products in the United States and internationally. It 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 international residents in approximately 20 countries through 1,110 independent marketing consultants, as well as through approximately 50 independent marketing firms and consultants throughout the United States.
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