Research analysts working for StockNews.com began providing coverage of Citizens Financial Group INC on Friday in a note that was made public (NYSE: CIA).
The investment advisory firm has suggested to clients that they “hold” onto the insurance provider’s stock in their portfolios.
On Tuesday, December 20, Citizens Vice President Harvey J. Waite purchased 11,363 shares of the company’s stock, as previously mentioned.
This is an additional development for citizens.
The price of each share came out to an average of $2.41, which resulted in the total price of the shares being 27,384.83 dollars.
As a result of the transaction, the vice president now owns 18,201 company shares, which have a value of $43,864.41. You will be taken to a document submitted to the Securities and Exchange Commission if you click the link.
This document contains information and an explanation about the transaction that was just completed.
Insiders of the company collectively hold ownership of 0.40% of the total number of shares outstanding.
Trading on the NYSE CIA began for $2.99 on Friday, when the market opened.
During the previous year, the price of a citizen’s vote ranged from a low of $1.92 to a high of $4.52 at various points.
The current share price of the company’s stock is $2.48, lower than its price of $2.92, which is its 200-day moving average price.
It is estimated that the company’s market value is $149.52 million, and its price-to-earnings ratio is 5.25, while the company’s beta value is 0.14.
Several institutional investors and hedge funds bought and sold the company’s stock in the most recent transactions involving the stock.
The percentage of Citizens stock that Charles Schwab Investment Management INC owned at the beginning of the year increased by 3.1% over the first three months. Charles Schwab Investment Management INC now has 137,820 shares of the insurance provider’s stock after purchasing an additional 4,123 shares during the preceding quarter.
The current market value of these shares is $585,000.
During the fourth quarter, Geode Capital Management LLC increased the percentage of Citizens stock owned by 1.1%. Following the completion of the preceding fiscal quarter, Geode Capital Management LLC now owns 4,403 additional shares of the company’s stock, bringing the total number of shares owned by the company to 423,696.
These shares have a value of $902,000 each. Renaissance Technologies LLC added 2.4% more Citizens stock to its portfolio during the first three months of the year.
As a result of the completion of the acquisitions carried out during the most recent quarter, Renaissance Technologies LLC now directly owns 227,994 shares in the company.
The value of these shares is $967,000.
DURING THE THIRD QUARTER, Price T. Rowe Associates, INC (MD) increased the proportion of Citizens’ stock owned by 15.0%.
Price T. Rowe Associates INC (MD) now has 44,500 shares in the insurance provider after purchasing an additional 5,800 shares during the most recent quarter.
This brings the company’s total number of shares to 44,500.
There is currently a value of $149,000 attached to these shares.
And finally, during the third quarter, ETF Managers Group LLC increased the amount of Citizens stock that is owned by a percentage equal to 4% of the total value of its holdings.
After purchasing an additional 6,271 shares of the insurance provider’s stock during the preceding quarter, ETF Managers Group LLC now owns 161,602 shares of the company’s stock.
Based on the current market price, the company is valued at $540,000.
To the tune of 16.75% of the company’s stock, institutional investors and hedge funds collectively hold the company’s shares.
Citizens, INC is a holding company active in the insurance and reinsurance sectors of the financial services industry.
Life insurance and home service insurance are the two primary focus areas for the company’s commercial operations.
Most of the life insurance plans made available to people living in other countries are either endowment or conventional whole life insurance policies, and their currency of choice is the United States dollar.