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

Citizens, Inc. (NYSE:CIA)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.47 and traded as high as $5.70. Citizens shares last traded at $5.6130, with a volume of 52,709 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Citizens in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Citizens Stock Performance

The company has a 50 day moving average of $5.48 and a 200 day moving average of $5.47. The firm has a market cap of $282.00 million, a P/E ratio of 26.73 and a beta of 0.43.

Institutional Trading of Citizens

Institutional investors and hedge funds have recently made changes to their positions in the stock. Invesco Ltd. increased its holdings in shares of Citizens by 28.5% during the 4th quarter. Invesco Ltd. now owns 39,301 shares of the insurance provider’s stock valued at $190,000 after acquiring an additional 8,721 shares during the last quarter. Empowered Funds LLC boosted its position in Citizens by 12.7% during the fourth quarter. Empowered Funds LLC now owns 220,243 shares of the insurance provider’s stock worth $1,064,000 after purchasing an additional 24,905 shares during the period. Bridgeway Capital Management LLC grew its holdings in Citizens by 4.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 473,232 shares of the insurance provider’s stock valued at $2,286,000 after purchasing an additional 21,963 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Citizens by 6.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 70,353 shares of the insurance provider’s stock valued at $340,000 after purchasing an additional 4,420 shares during the period. Finally, Barclays PLC lifted its stake in shares of Citizens by 6.8% in the fourth quarter. Barclays PLC now owns 215,908 shares of the insurance provider’s stock worth $1,043,000 after buying an additional 13,689 shares during 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.