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

Citizens, Inc. (NYSE:CIA) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.40 and traded as high as $5.43. Citizens shares last traded at $5.02, with a volume of 126,728 shares trading hands.

Analyst Ratings Changes

CIA has been the subject of a number of research reports. Weiss Ratings upgraded Citizens from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Wall Street Zen lowered Citizens from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Citizens Stock Down 3.8%

The stock has a fifty day moving average of $5.18 and a two-hundred day moving average of $5.40. The stock has a market cap of $252.51 million, a price-to-earnings ratio of 17.93 and a beta of 0.50.

Citizens (NYSE:CIA) last announced its quarterly earnings data on Thursday, March 12th. The insurance provider reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $70.19 million for the quarter, compared to analyst estimates of $67.89 million. Citizens had a return on equity of 7.62% and a net margin of 7.12%. On average, research analysts expect that Citizens, Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Jon Stenberg acquired 10,000 shares of Citizens stock in a transaction dated Tuesday, March 17th. The shares were acquired at an average cost of $4.81 per share, for a total transaction of $48,100.00. Following the completion of the transaction, the chief executive officer directly owned 208,930 shares of the company’s stock, valued at $1,004,953.30. The trade was a 5.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Citizens

Institutional investors and hedge funds have recently made changes to their positions in the stock. Continental General Insurance Co. lifted its position in shares of 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 acquiring an additional 1,182,902 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of Citizens by 18.7% in the third quarter. GSA Capital Partners LLP now owns 37,931 shares of the insurance provider’s stock valued at $199,000 after acquiring an additional 5,965 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Citizens in the second quarter valued at $129,000. New York State Common Retirement Fund purchased a new stake in shares of Citizens in the second quarter valued at $101,000. Finally, Invesco Ltd. purchased a new stake in shares of Citizens in the second quarter valued at $100,000. 13.73% of the stock is currently owned by hedge funds and other institutional investors.

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.