Citizens (NYSE:CIA) Share Price Passes Above 200 Day Moving Average – What’s Next?

Citizens, Inc. (NYSE:CIA)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.33 and traded as high as $5.54. Citizens shares last traded at $5.3830, with a volume of 129,490 shares.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Weiss Ratings upgraded Citizens from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Wall Street Zen cut Citizens from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Citizens Price Performance

The company has a market capitalization of $280.07 million, a P/E ratio of 15.91 and a beta of 0.47. The firm has a fifty day moving average price of $5.32 and a 200-day moving average price of $5.33.

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

Insider Buying and Selling

In related news, CEO Jon Stenberg acquired 10,000 shares of the stock in a transaction on Thursday, May 21st. The shares were acquired at an average price of $4.82 per share, with a total value of $48,200.00. Following the completion of the transaction, the chief executive officer owned 327,574 shares in the company, valued at approximately $1,578,906.68. The trade was a 3.15% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have bought a total of 20,100 shares of company stock valued at $96,753 over the last 90 days. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Citizens

A number of hedge funds have recently modified their holdings of CIA. BNP Paribas Financial Markets grew its holdings in Citizens by 92.1% during the third quarter. BNP Paribas Financial Markets now owns 10,724 shares of the insurance provider’s stock valued at $56,000 after purchasing an additional 5,141 shares during the period. Alliancebernstein L.P. bought a new stake in shares of Citizens in the third quarter valued at $57,000. Bank of America Corp DE lifted its position in shares of Citizens by 3,686.7% during the 2nd quarter. Bank of America Corp DE now owns 14,541 shares of the insurance provider’s stock valued at $51,000 after buying an additional 14,157 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new position in shares of Citizens during the 4th quarter valued at $84,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Citizens during the 2nd quarter worth $63,000. Institutional investors own 13.73% of the company’s stock.

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.