Citizens (NYSE:CIA) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

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 $5.40 and traded as high as $5.43. Citizens shares last traded at $5.02, with a volume of 126,728 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Citizens from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Weiss Ratings upgraded shares of Citizens from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Citizens Stock Performance

The business’s 50-day moving average is $5.17 and its two-hundred day moving average is $5.39. The stock has a market capitalization of $240.23 million, a PE ratio of 13.65 and a beta of 0.50.

Citizens (NYSE:CIA) last announced its quarterly earnings data on Thursday, March 12th. The insurance provider reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. Citizens had a return on equity of 7.21% and a net margin of 7.12%.The company had revenue of $70.19 million for the quarter, compared to analyst estimates of $67.89 million. Equities analysts forecast that Citizens, Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Jon Stenberg bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were acquired at an average cost of $4.81 per share, with a total value of $48,100.00. Following the completion of the transaction, the chief executive officer owned 208,930 shares of the company’s stock, valued at approximately $1,004,953.30. The trade was a 5.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Trading of Citizens

A number of institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets grew its stake in shares of Citizens by 92.1% in the third quarter. BNP Paribas Financial Markets now owns 10,724 shares of the insurance provider’s stock worth $56,000 after purchasing an additional 5,141 shares in the last quarter. Alliancebernstein L.P. bought a new stake in shares of Citizens during the third quarter valued at about $57,000. Bank of America Corp DE raised its stake in shares of Citizens by 3,686.7% during the second quarter. Bank of America Corp DE now owns 14,541 shares of the insurance provider’s stock valued at $51,000 after purchasing an additional 14,157 shares in the last quarter. Brandywine Global Investment Management LLC bought a new stake in shares of Citizens during the fourth quarter valued at about $84,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Citizens during the second quarter valued at about $63,000. 13.73% of the stock is owned by institutional investors and hedge funds.

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.