Citizens (NYSE:CIA) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Citizens, Inc. (NYSE:CIA) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.60 and traded as high as $3.91. Citizens shares last traded at $3.80, with a volume of 41,991 shares traded.

Wall Street Analyst Weigh In

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

Citizens Stock Up 1.6 %

The stock has a fifty day moving average price of $4.54 and a 200-day moving average price of $3.60. The firm has a market cap of $192.64 million, a price-to-earnings ratio of 8.98 and a beta of 0.09.

Institutional Investors Weigh In On Citizens

Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in 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 buying an additional 10,235 shares in the last quarter. First Eagle Investment Management LLC increased its position in Citizens by 26.8% during the 2nd quarter. First Eagle Investment Management LLC now owns 418,923 shares of the insurance provider’s stock worth $1,139,000 after purchasing an additional 88,415 shares in the last quarter. Empowered Funds LLC raised its stake in Citizens by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 138,281 shares of the insurance provider’s stock valued at $501,000 after purchasing an additional 6,968 shares during the last quarter. Barclays PLC raised its stake in Citizens by 24.4% in the 3rd quarter. Barclays PLC now owns 52,379 shares of the insurance provider’s stock valued at $189,000 after purchasing an additional 10,267 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Citizens during the third quarter worth about $82,000. Institutional investors and hedge funds own 13.73% of the company’s stock.

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.