Citizens (NYSE:CIA) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Citizens, Inc. (NYSE:CIA) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.94 and traded as high as $5.73. Citizens shares last traded at $4.81, with a volume of 273,403 shares trading hands.

Citizens Stock Performance

The stock has a market capitalization of $238.19 million, a P/E ratio of 10.22 and a beta of 0.15. The company’s 50-day moving average price is $3.59 and its 200 day moving average price is $2.94.

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

Insider Buying and Selling

In other Citizens news, CEO Jon Stenberg acquired 12,558 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were purchased at an average cost of $2.96 per share, for a total transaction of $37,171.68. Following the completion of the purchase, the chief executive officer now owns 18,023 shares in the company, valued at approximately $53,348.08. This trade represents a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have bought 24,053 shares of company stock valued at $68,166 in the last ninety days. 0.88% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CIA. Ritholtz Wealth Management acquired a new stake in Citizens during the second quarter valued at $54,000. Marietta Wealth Management LLC acquired a new stake in shares of Citizens in the second quarter valued at about $64,000. Empowered Funds LLC grew its position in shares of Citizens by 8.1% in the first quarter. Empowered Funds LLC now owns 121,953 shares of the insurance provider’s stock valued at $261,000 after purchasing an additional 9,112 shares during the period. Finally, First Eagle Investment Management LLC grew its position in shares of Citizens by 69.1% in the first quarter. First Eagle Investment Management LLC now owns 330,508 shares of the insurance provider’s stock valued at $707,000 after purchasing an additional 135,069 shares during the period. 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.