Citizens (NYSE:CIA) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Shares of Citizens, Inc. (NYSE:CIA) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.35 and traded as high as $6.54. Citizens shares last traded at $6.2750, with a volume of 903,821 shares.

Analyst Upgrades and Downgrades

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

Citizens Price Performance

The company’s 50-day moving average is $5.42 and its 200-day moving average is $5.35. The firm has a market capitalization of $315.63 million, a price-to-earnings ratio of 17.93 and a beta of 0.47.

Insiders Place Their Bets

In related news, CEO Jon Stenberg purchased 10,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were bought at an average price of $4.82 per share, for a total transaction of $48,200.00. Following the acquisition, the chief executive officer directly owned 327,574 shares in the company, valued at $1,578,906.68. This trade represents a 3.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. 2.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Citizens

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE raised its position in shares of Citizens by 15.7% in the 1st quarter. Bank of America Corp DE now owns 42,405 shares of the insurance provider’s stock worth $213,000 after buying an additional 5,746 shares during the period. Empowered Funds LLC grew 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 valued at $1,200,000 after acquiring an additional 18,244 shares during the period. Invesco Ltd. grew its position in Citizens by 28.5% during the fourth quarter. Invesco Ltd. now owns 39,301 shares of the insurance provider’s stock valued at $190,000 after acquiring an additional 8,721 shares during the period. Bridgeway Capital Management LLC increased 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 acquiring an additional 21,963 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Citizens by 6.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 70,353 shares of the insurance provider’s stock worth $340,000 after acquiring an additional 4,420 shares during the last quarter. 13.73% of the stock is currently owned by institutional investors and hedge funds.

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.