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

Citizens, Inc. (NYSE:CIA) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Analyst Ratings Changes

Separately, Singular Research upgraded Citizens to a “strong-buy” rating in a research report on Monday, November 18th.

Citizens Stock Performance

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

Hedge Funds Weigh In On Citizens

Institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC boosted its holdings in Citizens by 24.4% in the 3rd quarter. Barclays PLC now owns 52,379 shares of the insurance provider’s stock valued at $189,000 after purchasing an additional 10,267 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Citizens by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 458,886 shares of the insurance provider’s stock valued at $1,662,000 after purchasing an additional 10,235 shares in the last quarter. Empowered Funds LLC boosted its holdings in Citizens by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 138,281 shares of the insurance provider’s stock valued at $501,000 after purchasing an additional 6,968 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in Citizens by 6.7% in the 4th quarter. Ritholtz Wealth Management now owns 46,116 shares of the insurance provider’s stock valued at $185,000 after purchasing an additional 2,901 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Citizens in the 3rd quarter valued at approximately $82,000. Institutional investors and hedge funds 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.