Citizens (NYSE:CIA) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Citizens, Inc. (NYSE:CIA)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.92 and traded as high as $5.32. Citizens shares last traded at $5.1690, with a volume of 87,405 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Citizens in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Citizens Stock Up 1.6%

The firm has a market capitalization of $259.72 million, a PE ratio of 24.62 and a beta of 0.36. The company has a 50-day moving average of $5.54 and a 200 day moving average of $4.92.

Citizens (NYSE:CIA) last issued its quarterly earnings results on Thursday, November 6th. The insurance provider reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $64.10 million during the quarter, compared to the consensus estimate of $63.46 million. Citizens had a return on equity of 6.54% and a net margin of 4.40%. As a group, equities analysts anticipate that Citizens, Inc. will post 0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Citizens

Institutional investors have recently modified their holdings of the company. Continental General Insurance Co. purchased a new stake in shares of Citizens in the 2nd quarter valued at $1,505,000. Goldman Sachs Group Inc. boosted its holdings in Citizens by 142.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 199,809 shares of the insurance provider’s stock valued at $909,000 after acquiring an additional 117,502 shares during the period. First Eagle Investment Management LLC grew its position in Citizens by 7.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 598,750 shares of the insurance provider’s stock worth $2,090,000 after acquiring an additional 41,356 shares during the last quarter. OMERS ADMINISTRATION Corp increased its stake in Citizens by 108.4% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 32,800 shares of the insurance provider’s stock worth $149,000 after purchasing an additional 17,064 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Citizens by 4.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 42,753 shares of the insurance provider’s stock worth $224,000 after purchasing an additional 1,866 shares during the period. 13.73% of the stock is currently owned by institutional investors.

Citizens Company Profile

Citizens, Inc (NYSE:CIA) is a bank holding company headquartered in Conway, Arkansas. Through its wholly owned subsidiary, Citizens Bank of Northern Arkansas, the company provides commercial and consumer banking services to individuals, small businesses and corporate clients across Northern and Central Arkansas.

Citizens offers a range of deposit products, including checking accounts, savings accounts and certificates of deposit, alongside lending solutions such as residential mortgages, commercial real estate loans and consumer installment loans.