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

Citizens, Inc. (NYSE:CIA) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.97 and traded as high as $5.52. Citizens shares last traded at $5.44, with a volume of 100,837 shares changing hands.

Analyst Upgrades and Downgrades

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

Citizens Price Performance

The business’s fifty day moving average price is $4.36 and its 200 day moving average price is $3.97. The stock has a market cap of $271.51 million, a P/E ratio of 12.65 and a beta of 0.13.

Hedge Funds Weigh In On Citizens

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC increased its holdings in shares of Citizens by 5.3% during the third quarter. Empowered Funds LLC now owns 138,281 shares of the insurance provider’s stock worth $501,000 after buying an additional 6,968 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Citizens in the 3rd quarter worth about $82,000. Barclays PLC raised its position in Citizens by 24.4% in the third 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. Geode Capital Management LLC boosted its stake in shares of Citizens by 2.3% during the third quarter. Geode Capital Management LLC now owns 458,886 shares of the insurance provider’s stock valued at $1,662,000 after purchasing an additional 10,235 shares in the last quarter. Finally, Ritholtz Wealth Management grew its holdings in shares of Citizens by 6.7% during the fourth quarter. Ritholtz Wealth Management now owns 46,116 shares of the insurance provider’s stock worth $185,000 after purchasing an additional 2,901 shares during the last quarter. Institutional investors own 13.73% of the company’s stock.

Citizens Company Profile

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.