Citizens (NYSE:CIA) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Citizens, Inc. (NYSE:CIA) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.06 and traded as high as $5.15. Citizens shares last traded at $5.13, with a volume of 64,121 shares trading hands.

Wall Street Analysts Forecast Growth

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

Citizens Stock Performance

The stock has a market cap of $257.73 million, a price-to-earnings ratio of 24.43 and a beta of 0.41. The stock has a fifty day simple moving average of $5.38 and a two-hundred day simple moving average of $5.06.

Citizens (NYSE:CIA) last released its 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 for the quarter, compared to analysts’ expectations of $63.46 million. Citizens had a return on equity of 6.54% and a net margin of 4.40%. Equities analysts expect that Citizens, Inc. will post 0.32 earnings per share for the current fiscal year.

Institutional Trading of Citizens

A number of hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its stake in shares of Citizens by 142.8% during the first quarter. Goldman Sachs Group Inc. now owns 199,809 shares of the insurance provider’s stock worth $909,000 after buying an additional 117,502 shares during the last quarter. Empowered Funds LLC lifted its holdings in Citizens by 8.2% during the 1st quarter. Empowered Funds LLC now owns 157,169 shares of the insurance provider’s stock worth $715,000 after buying an additional 11,853 shares during the period. Jane Street Group LLC grew its position in shares of Citizens by 133.6% in the 1st quarter. Jane Street Group LLC now owns 169,308 shares of the insurance provider’s stock valued at $770,000 after buying an additional 96,836 shares during the last quarter. First Eagle Investment Management LLC grew its position in shares of Citizens by 7.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 598,750 shares of the insurance provider’s stock valued at $2,090,000 after buying an additional 41,356 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Citizens by 118.0% in the second quarter. Geode Capital Management LLC now owns 1,032,234 shares of the insurance provider’s stock valued at $3,603,000 after buying an additional 558,840 shares during the period. Institutional investors and hedge funds own 13.73% of the company’s stock.

About Citizens

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.