Citizens (NYSE:CIA) Share Price Passes Above Two Hundred Day Moving Average of $2.61

Citizens, Inc. (NYSE:CIA) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.61 and traded as high as $2.84. Citizens shares last traded at $2.76, with a volume of 19,459 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Citizens from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th.

Citizens Price Performance

The firm has a market capitalization of $136.81 million, a PE ratio of 5.87 and a beta of 0.21. The firm’s fifty day moving average is $2.64 and its two-hundred day moving average is $2.61.

Citizens (NYSE:CIA) last released its quarterly earnings results on Tuesday, May 7th. The insurance provider reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. Citizens had a net margin of 9.94% and a return on equity of 14.46%. The business had revenue of $56.34 million for the quarter, compared to analysts’ expectations of $55.91 million. As a group, equities research analysts predict that Citizens, Inc. will post 0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC boosted its holdings in Citizens by 69.1% during the first quarter. First Eagle Investment Management LLC now owns 330,508 shares of the insurance provider’s stock worth $707,000 after purchasing an additional 135,069 shares during the last quarter. Empowered Funds LLC boosted its stake in 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 acquiring an additional 9,112 shares during the last quarter. Barclays PLC boosted its stake in Citizens by 10.2% in the third quarter. Barclays PLC now owns 46,416 shares of the insurance provider’s stock valued at $132,000 after acquiring an additional 4,304 shares during the last quarter. Citigroup Inc. purchased a new position in Citizens in the third quarter valued at about $96,000. Finally, Ritholtz Wealth Management purchased a new position in Citizens in the fourth quarter valued at about $34,000. 13.73% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Company Profile

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.