Citizens (NYSE:CIA) Shares Pass Above 200-Day Moving Average of $3.98

Citizens, Inc. (NYSE:CIAGet Rating)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.98 and traded as high as $4.05. Citizens shares last traded at $3.92, with a volume of 71,075 shares trading hands.

Analyst Upgrades and Downgrades

CIA has been the subject of a number of research analyst reports. StockNews.com lowered Citizens from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th. TheStreet raised shares of Citizens from a “d+” rating to a “c” rating in a research report on Thursday, April 7th.

Citizens Stock Performance

The company has a 50-day simple moving average of $3.85 and a two-hundred day simple moving average of $3.98. The firm has a market capitalization of $198.00 million, a P/E ratio of 5.03 and a beta of 0.17.

Citizens (NYSE:CIAGet Rating) last released its earnings results on Thursday, May 5th. The insurance provider reported ($0.03) EPS for the quarter. Citizens had a net margin of 15.59% and a return on equity of 19.65%. The firm had revenue of $55.94 million during the quarter.

Insiders Place Their Bets

In other Citizens news, Director James Keith Morgan bought 15,000 shares of the company’s stock in a transaction dated Thursday, May 19th. The shares were purchased at an average price of $3.21 per share, for a total transaction of $48,150.00. Following the acquisition, the director now owns 15,000 shares in the company, valued at approximately $48,150. The purchase was disclosed in a filing with the SEC, which is available at this link. In other Citizens news, Director James Keith Morgan bought 15,000 shares of the stock in a transaction dated Thursday, May 19th. The stock was purchased at an average cost of $3.21 per share, for a total transaction of $48,150.00. Following the completion of the acquisition, the director now owns 15,000 shares of the company’s stock, valued at $48,150. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gerald W. Shields purchased 34,500 shares of the company’s stock in a transaction dated Tuesday, May 24th. The stock was bought at an average cost of $3.47 per share, for a total transaction of $119,715.00. Following the completion of the transaction, the chief executive officer now owns 51,670 shares in the company, valued at $179,294.90. The disclosure for this purchase can be found here. 0.92% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Citizens

A number of institutional investors have recently modified their holdings of the stock. UBS Group AG grew its holdings in shares of Citizens by 89.8% during the first quarter. UBS Group AG now owns 210,749 shares of the insurance provider’s stock valued at $893,000 after buying an additional 99,706 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Citizens by 58.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 114,329 shares of the insurance provider’s stock valued at $485,000 after acquiring an additional 42,147 shares in the last quarter. Vanguard Group Inc. boosted its stake in Citizens by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 2,453,837 shares of the insurance provider’s stock valued at $10,404,000 after purchasing an additional 14,267 shares during the last quarter. ProShare Advisors LLC bought a new stake in shares of Citizens in the 4th quarter worth $58,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Citizens by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 210,738 shares of the insurance provider’s stock worth $893,000 after purchasing an additional 9,709 shares during the last quarter. 23.60% of the stock is owned by hedge funds and other institutional investors.

About Citizens

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Citizens, Inc, through its subsidiaries, provides life insurance products in the United States and internationally. It 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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