Citizens, Inc. (CIA) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. increased its position in shares of Citizens, Inc. (NYSE:CIA) by 4.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 191,916 shares of the insurance provider’s stock after purchasing an additional 8,931 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.38% of Citizens worth $1,411,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CIA. Alliancebernstein L.P. lifted its stake in Citizens by 30.8% in the second quarter. Alliancebernstein L.P. now owns 54,309 shares of the insurance provider’s stock valued at $401,000 after buying an additional 12,800 shares during the last quarter. Teachers Advisors LLC lifted its stake in Citizens by 13.8% in the second quarter. Teachers Advisors LLC now owns 90,622 shares of the insurance provider’s stock valued at $669,000 after buying an additional 10,979 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in Citizens by 1.6% in the second quarter. TIAA CREF Investment Management LLC now owns 126,807 shares of the insurance provider’s stock valued at $936,000 after buying an additional 2,024 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in Citizens by 27.2% in the second quarter. UBS Asset Management Americas Inc. now owns 29,002 shares of the insurance provider’s stock valued at $214,000 after buying an additional 6,200 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Citizens by 3.3% in the second quarter. Northern Trust Corp now owns 521,886 shares of the insurance provider’s stock valued at $3,851,000 after buying an additional 16,444 shares during the last quarter. Hedge funds and other institutional investors own 20.35% of the company’s stock.

Shares of Citizens, Inc. (NYSE:CIA) opened at $7.98 on Tuesday. Citizens, Inc. has a one year low of $5.86 and a one year high of $10.29.

Citizens (NYSE:CIA) last posted its earnings results on Tuesday, November 7th. The insurance provider reported $0.07 earnings per share (EPS) for the quarter. Citizens had a return on equity of 2.41% and a net margin of 2.45%.

Separately, ValuEngine upgraded Citizens from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.

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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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Institutional Ownership by Quarter for Citizens (NYSE:CIA)

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