BidaskClub cut shares of Citizens, Inc. (NYSE:CIA) from a buy rating to a hold rating in a research note issued to investors on Thursday.

Shares of Citizens (CIA) opened at 7.53 on Thursday. The stock has a 50 day moving average of $7.81 and a 200-day moving average of $7.38. Citizens has a 12 month low of $5.86 and a 12 month high of $11.93. The company has a market cap of $377.11 million, a PE ratio of 68.45 and a beta of 1.11.

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Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Citizens by 3.9% in the second quarter. Vanguard Group Inc. now owns 1,916,392 shares of the insurance provider’s stock worth $14,143,000 after buying an additional 71,183 shares during the last quarter. State Street Corp boosted its stake in shares of Citizens by 6.4% in the second quarter. State Street Corp now owns 856,251 shares of the insurance provider’s stock worth $6,322,000 after buying an additional 51,642 shares during the last quarter. Hancock Holding Co. bought a new stake in shares of Citizens during the second quarter worth approximately $225,000. Goldman Sachs Group Inc. bought a new stake in shares of Citizens during the second quarter worth approximately $166,000. Finally, Northern Trust Corp boosted its stake in shares of Citizens by 3.3% in the second quarter. Northern Trust Corp now owns 521,886 shares of the insurance provider’s stock worth $3,851,000 after buying an additional 16,444 shares during the last quarter. Institutional investors and hedge funds own 20.68% of the company’s stock.

About Citizens

Citizens, Inc is an insurance holding company. The Company operates in three business segments: Life Insurance, Home Service and Other Non-Insurance Enterprises. The Life Insurance segment issues ordinary whole life insurance in the United States and in the United States Dollar-denominated amounts to foreign residents.

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