Citizens (NYSE:CIA) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Citizens, Inc. (NYSE:CIA) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.64 and traded as high as $4.08. Citizens shares last traded at $4.01, with a volume of 136,766 shares trading hands.

Analyst Upgrades and Downgrades

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

Citizens Trading Up 0.2 %

The firm has a 50 day simple moving average of $4.42 and a two-hundred day simple moving average of $3.64. The company has a market capitalization of $200.13 million, a PE ratio of 9.33 and a beta of 0.09.

Institutional Trading of Citizens

Institutional investors have recently modified their holdings of the business. Ritholtz Wealth Management purchased a new stake in shares of Citizens in the second quarter valued at approximately $54,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Citizens during the third quarter worth $82,000. Barclays PLC raised its holdings in Citizens by 24.4% during the third quarter. Barclays PLC now owns 52,379 shares of the insurance provider’s stock worth $189,000 after purchasing an additional 10,267 shares during the last quarter. Empowered Funds LLC raised its holdings in Citizens by 5.3% during the third 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. Finally, First Eagle Investment Management LLC raised its holdings in Citizens by 26.8% during the second quarter. First Eagle Investment Management LLC now owns 418,923 shares of the insurance provider’s stock worth $1,139,000 after purchasing an additional 88,415 shares during the last quarter. 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.