Wells Fargo & Company MN Reduces Holdings in Citizens, Inc. (NYSE:CIA)

Wells Fargo & Company MN decreased its position in shares of Citizens, Inc. (NYSE:CIA) by 16.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,516 shares of the insurance provider’s stock after selling 4,848 shares during the quarter. Wells Fargo & Company MN’s holdings in Citizens were worth $178,000 as of its most recent filing with the SEC.

Separately, SG Americas Securities LLC purchased a new position in shares of Citizens during the first quarter worth about $74,000. Hedge funds and other institutional investors own 21.51% of the company’s stock.

NYSE CIA opened at $7.05 on Friday. Citizens, Inc. has a 52-week low of $6.08 and a 52-week high of $8.31. The business’s 50-day moving average price is $6.76 and its 200 day moving average price is $6.89.

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

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

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.

Further Reading: What is intrinsic value?

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Institutional Ownership by Quarter for Citizens (NYSE:CIA)

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