Citizens (NYSE:CIA) Share Price Passes Above 200-Day Moving Average of $2.61

Citizens, Inc. (NYSE:CIA)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.61 and traded as high as $2.84. Citizens shares last traded at $2.76, with a volume of 19,459 shares.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Citizens from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th.

Citizens Stock Up 0.7 %

The firm’s 50 day simple moving average is $2.66 and its two-hundred day simple moving average is $2.60. The stock has a market capitalization of $133.34 million, a P/E ratio of 5.72 and a beta of 0.21.

Citizens (NYSE:CIA) last posted its earnings results on Tuesday, May 7th. The insurance provider reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. The company had revenue of $56.34 million during the quarter, compared to the consensus estimate of $55.91 million. Citizens had a net margin of 9.94% and a return on equity of 14.46%. As a group, equities research analysts expect that Citizens, Inc. will post 0.31 earnings per share for the current year.

Institutional Investors Weigh In On Citizens

Institutional investors have recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in Citizens by 10.2% in the third quarter. Barclays PLC now owns 46,416 shares of the insurance provider’s stock valued at $132,000 after acquiring an additional 4,304 shares during the last quarter. Empowered Funds LLC boosted its stake in Citizens by 8.1% in the first quarter. Empowered Funds LLC now owns 121,953 shares of the insurance provider’s stock valued at $261,000 after acquiring an additional 9,112 shares during the last quarter. Ritholtz Wealth Management purchased a new position in Citizens in the fourth quarter valued at about $34,000. Citigroup Inc. purchased a new position in Citizens in the third quarter valued at about $96,000. Finally, First Eagle Investment Management LLC boosted its stake in Citizens by 124.1% in the fourth quarter. First Eagle Investment Management LLC now owns 195,439 shares of the insurance provider’s stock valued at $526,000 after acquiring an additional 108,226 shares during the last quarter. 13.73% of the stock is owned by institutional investors.

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.