Citizens (NYSE:CIA) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Citizens, Inc. (NYSE:CIA) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.75 and traded as high as $4.43. Citizens shares last traded at $4.40, with a volume of 149,335 shares.

Wall Street Analyst Weigh In

Separately, Singular Research upgraded shares of Citizens to a “strong-buy” rating in a research report on Monday, November 18th.

Citizens Stock Performance

The firm has a market capitalization of $230.53 million, a P/E ratio of 10.74 and a beta of 0.12. The business has a fifty day moving average of $4.28 and a 200-day moving average of $3.77.

Institutional Investors Weigh In On Citizens

A number of large investors have recently made changes to their positions in CIA. Barclays PLC boosted its holdings in shares of Citizens by 24.4% during the third quarter. Barclays PLC now owns 52,379 shares of the insurance provider’s stock worth $189,000 after purchasing an additional 10,267 shares during the period. Geode Capital Management LLC lifted its stake in shares of Citizens by 2.3% in the third quarter. Geode Capital Management LLC now owns 458,886 shares of the insurance provider’s stock worth $1,662,000 after buying an additional 10,235 shares during the last quarter. Empowered Funds LLC grew its stake in Citizens by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 138,281 shares of the insurance provider’s stock valued at $501,000 after buying an additional 6,968 shares during the last quarter. First Eagle Investment Management LLC lifted its position in Citizens by 26.8% during the 2nd quarter. First Eagle Investment Management LLC now owns 418,923 shares of the insurance provider’s stock worth $1,139,000 after acquiring an additional 88,415 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Citizens during the third quarter valued at about $82,000. Institutional investors and hedge funds own 13.73% of the company’s stock.

Citizens Company Profile

Citizens, Inc 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.