Citizens (NYSE:CIA) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Citizens, Inc. (NYSE:CIA)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 Citizens to a “strong-buy” rating in a research note on Monday, November 18th.

Citizens Trading Up 2.7 %

The company has a 50 day moving average price of $4.32 and a 200 day moving average price of $3.89. The firm has a market cap of $248.05 million, a PE ratio of 11.56 and a beta of 0.12.

Institutional Investors Weigh In On Citizens

Institutional investors have recently modified their holdings of the company. Empowered Funds LLC raised its position in shares of Citizens by 5.1% during the 4th quarter. Empowered Funds LLC now owns 145,316 shares of the insurance provider’s stock worth $583,000 after purchasing an additional 7,035 shares during the last quarter. Ritholtz Wealth Management raised its position in shares of Citizens by 6.7% during the 4th quarter. Ritholtz Wealth Management now owns 46,116 shares of the insurance provider’s stock worth $185,000 after purchasing an additional 2,901 shares during the last quarter. Barclays PLC raised its position in shares of Citizens by 24.4% during the 3rd quarter. Barclays PLC now owns 52,379 shares of the insurance provider’s stock worth $189,000 after purchasing an additional 10,267 shares during the last quarter. Geode Capital Management LLC raised its position 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. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Citizens during the 3rd quarter worth approximately $82,000. Hedge funds and other 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.