Citizens (NYSE:CIA) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Citizens, Inc. (NYSE:CIA)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.31 and traded as high as $6.09. Citizens shares last traded at $6.03, with a volume of 160,183 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Citizens in a research report on Wednesday, January 21st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Citizens presently has an average rating of “Hold”.

Citizens Trading Up 5.1%

The stock has a market capitalization of $302.95 million, a P/E ratio of 28.72 and a beta of 0.43. The company has a fifty day simple moving average of $5.31 and a two-hundred day simple moving average of $5.31.

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

Hedge Funds Weigh In On Citizens

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its stake in shares of Citizens by 31.5% in the 3rd quarter. Bank of America Corp DE now owns 19,123 shares of the insurance provider’s stock valued at $100,000 after acquiring an additional 4,582 shares during the last quarter. Alliancebernstein L.P. bought a new stake in shares of Citizens in the 3rd quarter valued at $57,000. Bridgeway Capital Management LLC raised its stake in Citizens by 5.3% during the 3rd quarter. Bridgeway Capital Management LLC now owns 451,269 shares of the insurance provider’s stock worth $2,369,000 after buying an additional 22,736 shares during the period. Continental General Insurance Co. grew its stake in Citizens by 274.2% in the third quarter. Continental General Insurance Co. now owns 1,614,275 shares of the insurance provider’s stock valued at $8,475,000 after acquiring an additional 1,182,902 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in shares of Citizens by 92.1% in the third quarter. BNP Paribas Financial Markets now owns 10,724 shares of the insurance provider’s stock worth $56,000 after acquiring an additional 5,141 shares in the last quarter. Institutional investors and hedge funds own 13.73% of the company’s stock.

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.