Citizens (NYSE:CIA) Stock Crosses Above 200-Day Moving Average of $2.67

Citizens, Inc. (NYSE:CIA) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.67 and traded as high as $3.76. Citizens shares last traded at $3.62, with a volume of 205,559 shares trading hands.

Citizens Trading Up 6.2 %

The business’s 50 day moving average price is $2.99 and its two-hundred day moving average price is $2.67. The stock has a market cap of $179.45 million, a P/E ratio of 7.70 and a beta of 0.14.

Citizens (NYSE:CIA) last announced its earnings results on Tuesday, August 6th. The insurance provider reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The firm had revenue of $62.34 million for the quarter, compared to analyst estimates of $58.59 million. Citizens had a net margin of 8.92% and a return on equity of 12.33%. As a group, analysts expect that Citizens, Inc. will post 0.32 earnings per share for the current year.

Insider Activity

In related news, CEO Jon Stenberg bought 12,558 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were purchased at an average price of $2.96 per share, with a total value of $37,171.68. Following the purchase, the chief executive officer now owns 18,023 shares of the company’s stock, valued at approximately $53,348.08. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders have purchased 28,633 shares of company stock valued at $80,028. Corporate insiders own 0.88% of the company’s stock.

Institutional Investors Weigh In On Citizens

Hedge funds have recently bought and sold shares of the business. Empowered Funds LLC boosted its stake in Citizens by 8.1% during the first quarter. Empowered Funds LLC now owns 121,953 shares of the insurance provider’s stock worth $261,000 after acquiring an additional 9,112 shares in the last quarter. Ritholtz Wealth Management bought a new stake in Citizens during the second quarter worth about $54,000. Marietta Wealth Management LLC bought a new stake in Citizens during the second quarter worth about $64,000. Finally, First Eagle Investment Management LLC boosted its stake in Citizens by 26.8% during the second quarter. First Eagle Investment Management LLC now owns 418,923 shares of the insurance provider’s stock worth $1,139,000 after acquiring an additional 88,415 shares in the last quarter. Institutional investors own 13.73% of the company’s stock.

About Citizens

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.