Citizens (NYSE:CIA) Shares Pass Above 200 Day Moving Average – Time to Sell?

Citizens, Inc. (NYSE:CIA) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.60 and traded as high as $3.91. Citizens shares last traded at $3.80, with a volume of 41,991 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Singular Research raised shares of Citizens to a “strong-buy” rating in a research note on Monday, November 18th.

Citizens Trading Down 0.8 %

The firm’s 50 day simple moving average is $4.54 and its 200-day simple moving average is $3.60. The stock has a market capitalization of $189.65 million, a price-to-earnings ratio of 8.84 and a beta of 0.09.

Institutional Trading of Citizens

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ritholtz Wealth Management acquired a new position in Citizens during the second quarter worth $54,000. First Eagle Investment Management LLC grew its position in shares of Citizens by 26.8% in the 2nd quarter. First Eagle Investment Management LLC now owns 418,923 shares of the insurance provider’s stock valued at $1,139,000 after acquiring an additional 88,415 shares during the period. Empowered Funds LLC increased its stake in shares of Citizens by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 138,281 shares of the insurance provider’s stock worth $501,000 after purchasing an additional 6,968 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Citizens in the 3rd quarter valued at about $82,000. Finally, Barclays PLC lifted its stake 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 during the last quarter. Institutional investors own 13.73% of the company’s stock.

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.