Citizens (NYSE:CIA) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Citizens, Inc. (NYSE:CIA) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.39 and traded as high as $5.66. Citizens shares last traded at $5.5630, with a volume of 57,570 shares traded.

Analysts Set New Price Targets

Several analysts have recently commented on CIA shares. Weiss Ratings raised Citizens from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Wall Street Zen lowered Citizens from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Citizens Price Performance

The company has a market capitalization of $270.82 million, a PE ratio of 15.43 and a beta of 0.46. The stock has a 50-day simple moving average of $5.46 and a 200 day simple moving average of $5.39.

Insiders Place Their Bets

In other Citizens news, CEO Jon Stenberg bought 10,000 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was purchased at an average cost of $4.82 per share, for a total transaction of $48,200.00. Following the acquisition, the chief executive officer owned 327,574 shares of the company’s stock, valued at $1,578,906.68. The trade was a 3.15% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Citizens

Several large investors have recently modified their holdings of CIA. JPMorgan Chase & Co. raised its position in shares of Citizens by 4.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 42,753 shares of the insurance provider’s stock worth $224,000 after purchasing an additional 1,866 shares during the last quarter. Nuveen LLC increased its position in Citizens by 4.3% during the fourth quarter. Nuveen LLC now owns 61,184 shares of the insurance provider’s stock worth $296,000 after buying an additional 2,521 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Citizens by 7.1% in the fourth quarter. Deutsche Bank AG now owns 40,968 shares of the insurance provider’s stock worth $198,000 after acquiring an additional 2,715 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 acquiring an additional 4,420 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Citizens by 31.5% in the third quarter. Bank of America Corp DE now owns 19,123 shares of the insurance provider’s stock valued at $100,000 after acquiring an additional 4,582 shares in the last quarter. 13.73% of the stock is currently owned by institutional investors and hedge funds.

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.