James Keith Morgan Acquires 5,899 Shares of Citizens, Inc. (NYSE:CIA) Stock

Citizens, Inc. (NYSE:CIA) Director James Keith Morgan bought 5,899 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was acquired at an average cost of $2.11 per share, for a total transaction of $12,446.89. Following the completion of the purchase, the director now directly owns 61,965 shares of the company’s stock, valued at $130,746.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

James Keith Morgan also recently made the following trade(s):

• On Friday, March 22nd, James Keith Morgan purchased 1,101 shares of Citizens stock. The stock was acquired at an average price of $1.98 per share, with a total value of $2,179.98.

Citizens Trading Up 1.4 %

CIA opened at $2.13 on Thursday. The company has a market cap of $105.58 million, a price-to-earnings ratio of 6.26 and a beta of 0.22. The company’s 50 day moving average is $2.60 and its 200 day moving average is $2.88. Citizens, Inc. has a 12-month low of $1.64 and a 12-month high of $4.00.

Institutional Investors Weigh In On Citizens

Institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. bought a new stake in Citizens in the fourth quarter worth $88,000. Bridgeway Capital Management LLC increased its position in Citizens by 2.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 398,672 shares of the insurance provider’s stock worth $1,072,000 after purchasing an additional 10,176 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in Citizens in the fourth quarter worth $230,000. Public Employees Retirement Association of Colorado increased its position in Citizens by 136.9% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 15,165 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 8,764 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position in Citizens by 124.1% during the fourth quarter. First Eagle Investment Management LLC now owns 195,439 shares of the insurance provider’s stock valued at $526,000 after acquiring an additional 108,226 shares during the last quarter. Institutional investors own 13.73% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Citizens from a “hold” rating to a “buy” rating in a research note on Wednesday, March 6th.

About Citizens

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.