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

Shares of Citizens, Inc. (NYSE:CIA) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.97 and traded as high as $5.52. Citizens shares last traded at $5.44, with a volume of 100,837 shares traded.

Analyst Upgrades and Downgrades

Separately, Singular Research raised Citizens to a “strong-buy” rating in a report on Monday, November 18th.

Citizens Trading Down 1.6 %

The stock’s 50-day simple moving average is $4.36 and its 200-day simple moving average is $3.97. The stock has a market cap of $271.51 million, a price-to-earnings ratio of 12.65 and a beta of 0.13.

Institutional Investors Weigh In On Citizens

A number of large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in shares of Citizens by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 458,886 shares of the insurance provider’s stock valued at $1,662,000 after acquiring an additional 10,235 shares during the period. Empowered Funds LLC lifted its position in Citizens by 5.1% during the fourth quarter. Empowered Funds LLC now owns 145,316 shares of the insurance provider’s stock worth $583,000 after purchasing an additional 7,035 shares during the period. Barclays PLC grew its stake in Citizens by 24.4% during the third quarter. Barclays PLC now owns 52,379 shares of the insurance provider’s stock worth $189,000 after buying an additional 10,267 shares in the last quarter. Ritholtz Wealth Management increased its holdings in Citizens by 6.7% in the 4th quarter. Ritholtz Wealth Management now owns 46,116 shares of the insurance provider’s stock valued at $185,000 after buying an additional 2,901 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Citizens in the 4th quarter valued at approximately $92,000. Institutional investors and hedge funds own 13.73% of the company’s stock.

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.