UBS Group AG Reduces Stake in Citizens, Inc. $CIA

UBS Group AG reduced its position in Citizens, Inc. (NYSE:CIA) by 12.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 768,187 shares of the insurance provider’s stock after selling 106,028 shares during the period. UBS Group AG owned about 1.53% of Citizens worth $3,710,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of Citizens by 3,686.7% during the 2nd quarter. Bank of America Corp DE now owns 14,541 shares of the insurance provider’s stock worth $51,000 after buying an additional 14,157 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Citizens by 92.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,724 shares of the insurance provider’s stock worth $56,000 after buying an additional 5,141 shares during the last quarter. Alliancebernstein L.P. acquired a new position in shares of Citizens during the 3rd quarter worth $57,000. The Manufacturers Life Insurance Company acquired a new position in shares of Citizens during the 2nd quarter worth $63,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Citizens during the 2nd quarter worth $86,000. 13.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Jon Stenberg bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was purchased at an average price of $4.81 per share, with a total value of $48,100.00. Following the purchase, the chief executive officer owned 208,930 shares of the company’s stock, valued at $1,004,953.30. This trade represents a 5.03% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

CIA has been the subject of several research reports. Weiss Ratings raised Citizens from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Wall Street Zen downgraded Citizens from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Citizens Stock Up 0.1%

NYSE:CIA opened at $4.94 on Friday. The company has a market capitalization of $248.63 million, a PE ratio of 14.12 and a beta of 0.50. Citizens, Inc. has a 52-week low of $3.24 and a 52-week high of $6.40. The stock has a fifty day simple moving average of $5.16 and a 200-day simple moving average of $5.38.

Citizens (NYSE:CIA) last announced its earnings results on Thursday, March 12th. The insurance provider reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. Citizens had a net margin of 7.12% and a return on equity of 7.21%. The firm had revenue of $70.19 million during the quarter, compared to the consensus estimate of $67.89 million. As a group, equities analysts anticipate that Citizens, Inc. will post 0.31 earnings per share for the current year.

About Citizens

Citizens, Inc (NYSE:CIA) is a bank holding company headquartered in Conway, Arkansas. Through its wholly owned subsidiary, Citizens Bank of Northern Arkansas, the company provides commercial and consumer banking services to individuals, small businesses and corporate clients across Northern and Central Arkansas.

Citizens offers a range of deposit products, including checking accounts, savings accounts and certificates of deposit, alongside lending solutions such as residential mortgages, commercial real estate loans and consumer installment loans.