Citizens (NYSE:CIA) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Citizens, Inc. (NYSE:CIA) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.17 and traded as high as $5.29. Citizens shares last traded at $5.12, with a volume of 86,756 shares changing hands.

Citizens Stock Performance

The company has a market capitalization of $255.33 million, a price-to-earnings ratio of 11.91 and a beta of 0.11. The business has a 50 day moving average price of $4.02 and a 200-day moving average price of $3.17.

Citizens (NYSE:CIA) last issued its earnings results on Tuesday, August 6th. The insurance provider reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Citizens had a return on equity of 12.33% and a net margin of 8.92%. The business had revenue of $62.34 million during the quarter, compared to analyst estimates of $58.59 million. As a group, equities analysts predict that Citizens, Inc. will post 0.32 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jon Stenberg bought 12,558 shares of Citizens stock in a transaction dated Thursday, September 5th. The stock was purchased at an average price of $2.96 per share, for a total transaction of $37,171.68. Following the purchase, the chief executive officer now directly owns 18,023 shares in the company, valued at $53,348.08. The trade was a 200.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased 20,539 shares of company stock worth $59,029 over the last 90 days. 1.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Citizens

A number of hedge funds have recently modified their holdings of CIA. Empowered Funds LLC raised its stake in Citizens by 8.1% in the 1st quarter. Empowered Funds LLC now owns 121,953 shares of the insurance provider’s stock valued at $261,000 after acquiring an additional 9,112 shares during the period. Ritholtz Wealth Management purchased a new position in Citizens during the 2nd quarter valued at about $54,000. Marietta Wealth Management LLC bought a new stake in shares of Citizens during the second quarter valued at about $64,000. Finally, First Eagle Investment Management LLC boosted its holdings in Citizens by 26.8% in the 2nd quarter. First Eagle Investment Management LLC now owns 418,923 shares of the insurance provider’s stock valued at $1,139,000 after purchasing an additional 88,415 shares during the period. Institutional investors 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.