Citizens (NYSE:CIA) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Citizens, Inc. (NYSE:CIA) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.30 and traded as high as $4.85. Citizens shares last traded at $4.69, with a volume of 78,031 shares trading hands.

Citizens Price Performance

The stock has a market capitalization of $233.81 million, a P/E ratio of 10.90 and a beta of 0.11. The stock has a 50 day moving average price of $4.24 and a 200-day moving average price of $3.30.

Insider Buying and Selling

In other news, CEO Jon Stenberg purchased 12,558 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average cost of $2.96 per share, for a total transaction of $37,171.68. Following the acquisition, the chief executive officer now directly owns 18,023 shares of the company’s stock, valued at $53,348.08. This represents a 229.79 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Citizens

Several hedge funds and other institutional investors have recently modified their holdings of the company. First Eagle Investment Management LLC grew its stake in shares of Citizens by 26.8% in the second quarter. First Eagle Investment Management LLC now owns 418,923 shares of the insurance provider’s stock worth $1,139,000 after purchasing an additional 88,415 shares during the last quarter. Marietta Wealth Management LLC bought a new stake in shares of Citizens in the 2nd quarter worth approximately $64,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Citizens during the third quarter valued at approximately $82,000. Ritholtz Wealth Management bought a new position in shares of Citizens during the second quarter valued at approximately $54,000. Finally, Barclays PLC lifted its stake in Citizens by 24.4% in the third quarter. Barclays PLC now owns 52,379 shares of the insurance provider’s stock worth $189,000 after acquiring an additional 10,267 shares during the period. 13.73% of the stock is owned by institutional investors.

About Citizens

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.