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

Citizens, Inc. (NYSE:CIA)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.38 and traded as high as $5.97. Citizens shares last traded at $5.5530, with a volume of 111,485 shares.

Analysts Set New Price Targets

A number of brokerages have commented on CIA. Wall Street Zen lowered shares of Citizens from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Weiss Ratings upgraded Citizens from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Citizens currently has a consensus rating of “Hold”.

Citizens Price Performance

The stock has a fifty day moving average price of $5.46 and a 200 day moving average price of $5.38. The stock has a market capitalization of $279.32 million, a P/E ratio of 15.87 and a beta of 0.46.

Insider Activity

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

Institutional Investors Weigh In On Citizens

Several hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its holdings in shares of Citizens by 92.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,724 shares of the insurance provider’s stock worth $56,000 after purchasing an additional 5,141 shares in the last quarter. Alliancebernstein L.P. purchased a new position in shares of Citizens in the third quarter worth $57,000. Bank of America Corp DE grew its stake in shares of Citizens by 3,686.7% in the second quarter. Bank of America Corp DE now owns 14,541 shares of the insurance provider’s stock worth $51,000 after purchasing an additional 14,157 shares during the last quarter. Brandywine Global Investment Management LLC bought a new stake in shares of Citizens in the 4th quarter worth approximately $84,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Citizens in the second quarter valued at $63,000. 13.73% of the stock is currently owned by 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.