Citizens (NYSE:CIA) Share Price Passes Above 200-Day Moving Average - Here's What Happened

Key Points

• Citizens, Inc. (NYSE:CIA) shares crossed above their 200-day moving average for the first time, trading at $5.11, indicating positive momentum in the stock price.
• Wall Street analysts have upgraded Citizens from a "sell" to a "hold" rating, with a current consensus rating of "Strong Buy."
• The company reported $0.13 earnings per share in its latest quarterly earnings, surpassing analysts' expectations of $0.04, showing potential for growth.

Citizens, Inc. (NYSE:CIA - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.25 and traded as high as $5.15. Citizens shares last traded at $5.11, with a volume of 66,564 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen raised Citizens from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Strong Buy".

Citizens Trading Down 3.6%

The business has a 50-day moving average price of $4.41 and a 200-day moving average price of $4.24. The firm has a market cap of $261.50 million, a P/E ratio of 23.66 and a beta of 0.42.

Citizens (NYSE:CIA - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The insurance provider reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.09. The firm had revenue of $62.68 million during the quarter, compared to analysts' expectations of $62.78 million. Citizens had a return on equity of 6.42% and a net margin of 4.57%. On average, equities analysts anticipate that Citizens, Inc. will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Citizens

A number of hedge funds have recently made changes to their positions in CIA. Dimensional Fund Advisors LP lifted its stake in shares of Citizens by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 269,581 shares of the insurance provider's stock worth $1,081,000 after purchasing an additional 2,590 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Citizens by 5.7% during the 4th quarter. Northern Trust Corp now owns 106,327 shares of the insurance provider's stock worth $426,000 after purchasing an additional 5,696 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Citizens during the 4th quarter worth $249,000. Jane Street Group LLC purchased a new stake in shares of Citizens during the 4th quarter worth $291,000. Finally, Bank of America Corp DE lifted its stake in shares of Citizens by 7,178.5% during the 4th quarter. Bank of America Corp DE now owns 78,026 shares of the insurance provider's stock worth $313,000 after purchasing an additional 76,954 shares during the last quarter. 13.73% of the stock is currently owned by hedge funds and other 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.