Citizens (NYSE:CIA) Shares Cross Above 200 Day Moving Average of $2.64

Citizens, Inc. (NYSE:CIA) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.64 and traded as high as $3.16. Citizens shares last traded at $3.09, with a volume of 42,881 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CIA. StockNews.com started coverage on Citizens in a report on Thursday, August 17th. They issued a “hold” rating on the stock. TheStreet upgraded shares of Citizens from a “d+” rating to a “c” rating in a report on Wednesday, August 16th.

Citizens Stock Up 2.3 %

The firm’s 50-day simple moving average is $2.76 and its 200 day simple moving average is $2.64. The firm has a market cap of $153.33 million, a P/E ratio of 16.26 and a beta of 0.21.

Citizens (NYSE:CIA) last issued its quarterly earnings results on Friday, August 4th. The insurance provider reported $0.12 EPS for the quarter. Citizens had a return on equity of 12.84% and a net margin of 3.88%. The firm had revenue of $57.82 million for the quarter.

Insider Activity at Citizens

In other news, Director James Keith Morgan purchased 11,890 shares of the stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average cost of $2.90 per share, with a total value of $34,481.00. Following the completion of the acquisition, the director now owns 51,855 shares in the company, valued at approximately $150,379.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.88% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its stake in Citizens by 285.0% in the third quarter. Tower Research Capital LLC TRC now owns 8,758 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 6,483 shares during the last quarter. LPL Financial LLC bought a new position in shares of Citizens during the 2nd quarter valued at about $39,000. Prudential Financial Inc. purchased a new position in shares of Citizens during the 2nd quarter valued at about $47,000. Jane Street Group LLC bought a new stake in Citizens in the 2nd quarter worth approximately $48,000. Finally, Virtu Financial LLC bought a new stake in Citizens in the 2nd quarter worth approximately $54,000. 12.83% of the stock is currently owned by institutional investors.

Citizens Company Profile

Citizens, Inc, through its subsidiaries, 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.