Citizens (NYSE:CIA) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Citizens, Inc. (NYSE:CIA)’s stock price crossed 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 traded.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CIA shares. Wall Street Zen cut shares of Citizens from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Weiss Ratings raised 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, the stock has an average rating of “Hold”.

Citizens Stock Performance

The firm has a market capitalization of $280.17 million, a P/E ratio of 15.91 and a beta of 0.46. The firm has a 50 day simple moving average of $5.46 and a two-hundred day simple moving average of $5.38.

Insider Buying and Selling at Citizens

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

Hedge Funds Weigh In On Citizens

Several hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of Citizens by 15.7% in the 1st quarter. Bank of America Corp DE now owns 42,405 shares of the insurance provider’s stock worth $213,000 after buying an additional 5,746 shares during the last quarter. Empowered Funds LLC increased its position in shares of Citizens by 8.3% during the first quarter. Empowered Funds LLC now owns 238,487 shares of the insurance provider’s stock valued at $1,200,000 after acquiring an additional 18,244 shares during the last quarter. Invesco Ltd. lifted its holdings in Citizens by 28.5% during the fourth quarter. Invesco Ltd. now owns 39,301 shares of the insurance provider’s stock worth $190,000 after acquiring an additional 8,721 shares during the period. Bridgeway Capital Management LLC lifted its holdings in Citizens by 4.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 473,232 shares of the insurance provider’s stock worth $2,286,000 after acquiring an additional 21,963 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Citizens by 6.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 70,353 shares of the insurance provider’s stock worth $340,000 after purchasing an additional 4,420 shares during the last quarter. Institutional investors own 13.73% of the company’s stock.

About Citizens

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.