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

Citizens, Inc. (NYSE:CIA) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.75 and traded as high as $4.43. Citizens shares last traded at $4.40, with a volume of 149,335 shares traded.

Wall Street Analyst Weigh In

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

Citizens Price Performance

The company has a market capitalization of $230.53 million, a price-to-earnings ratio of 10.74 and a beta of 0.12. The firm has a 50-day moving average price of $4.28 and a two-hundred day moving average price of $3.77.

Hedge Funds Weigh In On Citizens

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CIA. Ritholtz Wealth Management increased its stake in shares of 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 during the last quarter. Empowered Funds LLC grew its stake in shares of Citizens by 5.3% in 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. Geode Capital Management LLC raised its position in shares of Citizens by 2.3% during the third quarter. Geode Capital Management LLC now owns 458,886 shares of the insurance provider’s stock worth $1,662,000 after acquiring an additional 10,235 shares during the last quarter. Barclays PLC lifted its position in shares of Citizens by 24.4% in the 3rd 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 period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Citizens in the third quarter valued at $82,000. 13.73% of the stock is owned by institutional investors.

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.