Citizens (NYSE:CIA) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Citizens, Inc. (NYSE:CIA) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.64 and traded as high as $4.08. Citizens shares last traded at $4.01, with a volume of 136,766 shares traded.

Analyst Ratings Changes

Separately, Singular Research raised shares of Citizens to a “strong-buy” rating in a research report on Monday, November 18th.

Citizens Stock Performance

The company has a fifty day simple moving average of $4.41 and a two-hundred day simple moving average of $3.65. The firm has a market capitalization of $220.09 million, a PE ratio of 10.26 and a beta of 0.09.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CIA. Geode Capital Management LLC lifted its stake in shares of Citizens by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 458,886 shares of the insurance provider’s stock worth $1,662,000 after purchasing an additional 10,235 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in Citizens by 26.8% in the second quarter. First Eagle Investment Management LLC now owns 418,923 shares of the insurance provider’s stock worth $1,139,000 after purchasing an additional 88,415 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Citizens by 5.3% during the third quarter. Empowered Funds LLC now owns 138,281 shares of the insurance provider’s stock valued at $501,000 after buying an additional 6,968 shares during the last quarter. Barclays PLC boosted its holdings in shares of Citizens by 24.4% in the 3rd quarter. Barclays PLC now owns 52,379 shares of the insurance provider’s stock valued at $189,000 after buying an additional 10,267 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Citizens in the 3rd quarter worth approximately $82,000. 13.73% of the stock is currently owned by institutional investors.

Citizens Company Profile

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.