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

Citizens, Inc. (NYSE:CIA)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.21 and traded as high as $5.56. Citizens shares last traded at $5.52, with a volume of 60,370 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Citizens in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Citizens currently has a consensus rating of “Hold”.

Citizens Stock Up 1.0%

The firm’s fifty day moving average price is $5.32 and its 200-day moving average price is $5.22. The stock has a market cap of $281.54 million, a P/E ratio of 26.69 and a beta of 0.41.

Citizens (NYSE:CIA) last announced its quarterly earnings results on Thursday, November 6th. The insurance provider reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $64.10 million for the quarter, compared to analyst estimates of $63.46 million. Citizens had a net margin of 4.40% and a return on equity of 6.54%. Sell-side analysts predict that Citizens, Inc. will post 0.32 earnings per share for the current year.

Institutional Investors Weigh In On Citizens

A number of large investors have recently made changes to their positions in CIA. Vanguard Group Inc. lifted its stake in Citizens by 0.9% in the third quarter. Vanguard Group Inc. now owns 2,441,277 shares of the insurance provider’s stock worth $12,817,000 after acquiring an additional 21,783 shares during the period. Continental General Insurance Co. lifted its position in shares of Citizens by 274.2% in the 3rd quarter. Continental General Insurance Co. now owns 1,614,275 shares of the insurance provider’s stock worth $8,475,000 after purchasing an additional 1,182,902 shares during the period. Geode Capital Management LLC lifted its position in shares of Citizens by 118.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,032,234 shares of the insurance provider’s stock worth $3,603,000 after purchasing an additional 558,840 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of Citizens by 7.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 598,750 shares of the insurance provider’s stock valued at $2,090,000 after purchasing an additional 41,356 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its position in shares of Citizens by 5.3% during the third quarter. Bridgeway Capital Management LLC now owns 451,269 shares of the insurance provider’s stock valued at $2,369,000 after buying an additional 22,736 shares during the period. 13.73% of the stock is currently owned by institutional investors.

Citizens Company Profile

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.