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

Citizens, Inc. (NYSE:CIA)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.35 and traded as high as $6.54. Citizens shares last traded at $6.2750, with a volume of 903,821 shares.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CIA. Weiss Ratings raised shares of Citizens from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Wall Street Zen cut Citizens from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Citizens Price Performance

The firm’s fifty day moving average is $5.42 and its 200 day moving average is $5.35. The firm has a market capitalization of $315.63 million, a price-to-earnings ratio of 17.93 and a beta of 0.47.

Insider Activity at Citizens

In related news, CEO Jon Stenberg purchased 10,000 shares of the stock in a transaction dated Thursday, May 21st. The shares were acquired at an average cost of $4.82 per share, for a total transaction of $48,200.00. Following the acquisition, the chief executive officer directly owned 327,574 shares in the company, valued at approximately $1,578,906.68. The trade was a 3.15% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Citizens

Institutional investors have recently bought and sold shares of the company. Continental General Insurance Co. grew its stake in Citizens by 274.2% in the third quarter. Continental General Insurance Co. now owns 1,614,275 shares of the insurance provider’s stock valued at $8,475,000 after purchasing an additional 1,182,902 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Citizens by 8.2% during the 1st quarter. Empowered Funds LLC now owns 157,169 shares of the insurance provider’s stock worth $715,000 after purchasing an additional 11,853 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Citizens by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 2,441,277 shares of the insurance provider’s stock valued at $12,817,000 after buying an additional 21,783 shares during the last quarter. State Street Corp lifted its holdings in shares of Citizens by 7.6% during the 4th quarter. State Street Corp now owns 617,732 shares of the insurance provider’s stock valued at $2,984,000 after buying an additional 43,826 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its holdings in shares of Citizens by 4.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 473,232 shares of the insurance provider’s stock valued at $2,286,000 after buying an additional 21,963 shares during the last quarter. Institutional investors and hedge funds own 13.73% of the company’s stock.

Citizens Company Profile

Citizens, Inc (NYSE:CIA) is a bank holding company headquartered in Conway, Arkansas. Through its wholly owned subsidiary, Citizens Bank of Northern Arkansas, the company provides commercial and consumer banking services to individuals, small businesses and corporate clients across Northern and Central Arkansas.

Citizens offers a range of deposit products, including checking accounts, savings accounts and certificates of deposit, alongside lending solutions such as residential mortgages, commercial real estate loans and consumer installment loans.