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

Citizens, Inc. (NYSE:CIA) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.89 and traded as high as $5.00. Citizens shares last traded at $4.97, with a volume of 62,039 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 stock has a market cap of $246.06 million, a P/E ratio of 11.47 and a beta of 0.12. The firm’s 50 day moving average is $4.31 and its 200 day moving average is $3.90.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Ritholtz Wealth Management increased its stake in Citizens by 6.7% during the 4th quarter. Ritholtz Wealth Management now owns 46,116 shares of the insurance provider’s stock valued at $185,000 after purchasing an additional 2,901 shares in the last quarter. Empowered Funds LLC increased its stake in Citizens by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 138,281 shares of the insurance provider’s stock valued at $501,000 after purchasing an additional 6,968 shares in the last quarter. Geode Capital Management LLC increased its stake in Citizens by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 458,886 shares of the insurance provider’s stock valued at $1,662,000 after purchasing an additional 10,235 shares in the last quarter. Barclays PLC increased its stake in Citizens by 24.4% during the 3rd quarter. Barclays PLC now owns 52,379 shares of the insurance provider’s stock valued at $189,000 after purchasing an additional 10,267 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Citizens during the 3rd quarter valued at approximately $82,000. Institutional investors own 13.73% of the company’s stock.

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.