Citizens (NYSE:CIA) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Citizens, Inc. (NYSE:CIA)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.30 and traded as high as $4.85. Citizens shares last traded at $4.69, with a volume of 78,031 shares trading hands.

Analyst Ratings Changes

Separately, Singular Research upgraded shares of Citizens to a “strong-buy” rating in a report on Monday.

Citizens Stock Up 1.3 %

The stock has a market cap of $231.58 million, a PE ratio of 10.79 and a beta of 0.11. The business’s 50-day simple moving average is $4.34 and its 200-day simple moving average is $3.34.

Insider Activity at Citizens

In related news, CEO Jon Stenberg bought 12,558 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was purchased at an average cost of $2.96 per share, with a total value of $37,171.68. Following the transaction, the chief executive officer now owns 18,023 shares in the company, valued at approximately $53,348.08. This trade represents a 229.79 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Citizens

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ritholtz Wealth Management bought a new stake in Citizens during the 2nd quarter valued at approximately $54,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Citizens in the 3rd quarter valued at approximately $82,000. Marietta Wealth Management LLC purchased a new position in shares of Citizens in the 2nd quarter valued at approximately $64,000. Barclays PLC boosted its position in shares of Citizens by 24.4% during 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 in the last quarter. Finally, Empowered Funds LLC grew its stake in Citizens by 5.3% in the third quarter. Empowered Funds LLC now owns 138,281 shares of the insurance provider’s stock worth $501,000 after purchasing an additional 6,968 shares during the period. Hedge funds and other institutional investors 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.