Citizens (NYSE:CIA) Stock Passes Above 200-Day Moving Average – Should You Sell?

Citizens, Inc. (NYSE:CIA) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.32 and traded as high as $5.89. Citizens shares last traded at $5.8630, with a volume of 167,842 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CIA shares. Wall Street Zen cut Citizens from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Weiss Ratings raised Citizens from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Citizens Price Performance

The stock has a market capitalization of $294.91 million, a PE ratio of 16.75 and a beta of 0.47. The company’s 50 day moving average price is $5.36 and its two-hundred day moving average price is $5.32.

Insider Buying and Selling

In other Citizens news, CEO Jon Stenberg bought 10,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were acquired at an average cost of $4.82 per share, with a total value of $48,200.00. Following the purchase, the chief executive officer directly owned 327,574 shares of the company’s stock, valued at $1,578,906.68. This trade represents a 3.15% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Citizens

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its holdings in shares of Citizens by 15.7% in the first quarter. Bank of America Corp DE now owns 42,405 shares of the insurance provider’s stock valued at $213,000 after purchasing an additional 5,746 shares during the last quarter. Empowered Funds LLC lifted its position in Citizens by 8.3% during the first quarter. Empowered Funds LLC now owns 238,487 shares of the insurance provider’s stock worth $1,200,000 after buying an additional 18,244 shares in the last quarter. Invesco Ltd. boosted its stake in Citizens by 28.5% during the fourth quarter. Invesco Ltd. now owns 39,301 shares of the insurance provider’s stock worth $190,000 after buying an additional 8,721 shares during the last quarter. Bridgeway Capital Management LLC boosted its stake in Citizens by 4.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 473,232 shares of the insurance provider’s stock worth $2,286,000 after buying an additional 21,963 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in 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 buying an additional 4,420 shares in the last quarter. 13.73% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Company Profile

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.