Citizens (NYSE:CIA) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Shares of Citizens, Inc. (NYSE:CIA) have recently passed above their 200-day moving average, trading at $5.83 after a high of $5.91, indicating potential bullish momentum.
• The company reported earnings of $0.13 per share for the last quarter, exceeding expectations, while its market capitalization stands at approximately $292.90 million.
• Recent analyst ratings reflect a consensus rating of "Buy," with upgrades from "sell" to "hold," signaling improving investor sentiment towards the stock.

Shares of Citizens, Inc. (NYSE:CIA - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.38 and traded as high as $5.91. Citizens shares last traded at $5.83, with a volume of 87,925 shares traded.

Analyst Ratings Changes

A number of research analysts recently commented on CIA shares. Wall Street Zen upgraded Citizens from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of Citizens in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy".

Citizens Stock Performance

The firm has a 50 day moving average price of $5.36 and a two-hundred day moving average price of $4.38. The company has a market capitalization of $292.90 million, a P/E ratio of 26.50 and a beta of 0.39.

Citizens (NYSE:CIA - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The insurance provider reported $0.13 EPS for the quarter, beating the consensus estimate of $0.04 by $0.09. Citizens had a return on equity of 6.42% and a net margin of 4.57%.The business had revenue of $62.68 million for the quarter, compared to analyst estimates of $62.78 million. On average, equities analysts expect that Citizens, Inc. will post 0.32 earnings per share for the current year.

Institutional Investors Weigh In On Citizens

Several institutional investors and hedge funds have recently made changes to their positions in CIA. Geode Capital Management LLC increased its position in shares of Citizens by 118.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,032,234 shares of the insurance provider's stock worth $3,603,000 after purchasing an additional 558,840 shares in the last quarter. Truffle Hound Capital LLC boosted its position in Citizens by 85.7% in the first quarter. Truffle Hound Capital LLC now owns 700,000 shares of the insurance provider's stock valued at $3,185,000 after buying an additional 323,137 shares in the last quarter. First Eagle Investment Management LLC grew its stake in Citizens by 7.4% during the second quarter. First Eagle Investment Management LLC now owns 598,750 shares of the insurance provider's stock worth $2,090,000 after buying an additional 41,356 shares during the last quarter. Continental General Insurance Co. acquired a new stake in shares of Citizens during the second quarter worth approximately $1,505,000. Finally, Bridgeway Capital Management LLC increased its holdings in shares of Citizens by 3.7% during the second quarter. Bridgeway Capital Management LLC now owns 428,533 shares of the insurance provider's stock worth $1,496,000 after buying an additional 15,433 shares in the last quarter. Institutional investors and hedge funds own 13.73% of the company's stock.

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.

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