Citizens (NYSE:CIA) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Citizens, Inc. (NYSE:CIA)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.47 and traded as high as $5.70. Citizens shares last traded at $5.6130, with a volume of 52,709 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Citizens in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Citizens Trading Down 0.7%

The company has a market cap of $282.00 million, a price-to-earnings ratio of 26.73 and a beta of 0.43. The company has a fifty day moving average price of $5.48 and a two-hundred day moving average price of $5.47.

Hedge Funds Weigh In On Citizens

A number of hedge funds and other institutional investors have recently made changes to their positions in CIA. JPMorgan Chase & Co. boosted its position in shares of Citizens by 4.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 42,753 shares of the insurance provider’s stock valued at $224,000 after acquiring an additional 1,866 shares in the last quarter. Nuveen LLC lifted its stake in Citizens by 4.3% during the fourth quarter. Nuveen LLC now owns 61,184 shares of the insurance provider’s stock worth $296,000 after purchasing an additional 2,521 shares during the period. Deutsche Bank AG boosted its holdings in Citizens by 7.1% during the fourth quarter. Deutsche Bank AG now owns 40,968 shares of the insurance provider’s stock valued at $198,000 after purchasing an additional 2,715 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Citizens by 6.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 70,353 shares of the insurance provider’s stock valued at $340,000 after purchasing an additional 4,420 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of Citizens by 31.5% in the 3rd quarter. Bank of America Corp DE now owns 19,123 shares of the insurance provider’s stock worth $100,000 after buying an additional 4,582 shares in the last quarter. 13.73% of the stock is owned by institutional investors.

About Citizens

Citizens, Inc (NYSE:CIA) is a bank holding company headquartered in Conway, Arkansas. Through its wholly owned subsidiary, Citizens Bank of Northern Arkansas, the company provides commercial and consumer banking services to individuals, small businesses and corporate clients across Northern and Central Arkansas.

Citizens offers a range of deposit products, including checking accounts, savings accounts and certificates of deposit, alongside lending solutions such as residential mortgages, commercial real estate loans and consumer installment loans.