Citizens (NYSE:CIA) Given New $4.00 Price Target at B. Riley

Citizens (NYSE:CIA) had its target price decreased by B. Riley from $4.50 to $4.00 in a research note released on Thursday morning, Stock Target Advisor reports. B. Riley currently has a buy rating on the insurance provider’s stock.

Separately, ValuEngine raised Citizens from a sell rating to a hold rating in a research report on Wednesday, October 2nd.

Shares of CIA traded down $0.04 during mid-day trading on Thursday, reaching $6.92. The company’s stock had a trading volume of 3,865 shares, compared to its average volume of 65,916. Citizens has a 1-year low of $6.08 and a 1-year high of $8.31. The business has a 50-day simple moving average of $6.86 and a two-hundred day simple moving average of $6.90.

Citizens (NYSE:CIA) last released its quarterly earnings data on Wednesday, August 7th. The insurance provider reported ($0.09) earnings per share (EPS) for the quarter. Citizens had a negative net margin of 6.87% and a negative return on equity of 8.28%. The business had revenue of $59.74 million during the quarter.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Citizens by 1.6% in the second quarter. BlackRock Inc. now owns 3,440,650 shares of the insurance provider’s stock valued at $25,117,000 after buying an additional 54,113 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Citizens by 1.0% in the second quarter. Vanguard Group Inc. now owns 2,134,186 shares of the insurance provider’s stock valued at $15,579,000 after buying an additional 20,375 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Citizens by 2.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 290,635 shares of the insurance provider’s stock valued at $2,122,000 after buying an additional 7,376 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Citizens by 47.6% in the second quarter. Renaissance Technologies LLC now owns 286,800 shares of the insurance provider’s stock valued at $2,094,000 after buying an additional 92,500 shares during the last quarter. Finally, Swiss National Bank lifted its position in shares of Citizens by 10.5% in the second quarter. Swiss National Bank now owns 91,400 shares of the insurance provider’s stock valued at $667,000 after buying an additional 8,700 shares during the last quarter. 21.51% of the stock is owned by institutional investors.

About Citizens

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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