Citizens (NYSE:CIA) Shares Cross Above 200 Day Moving Average – Time to Sell?

Citizens, Inc. (NYSE:CIA)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.32 and traded as high as $5.89. Citizens shares last traded at $5.8630, with a volume of 167,842 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Citizens from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Wall Street Zen lowered shares of Citizens from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Citizens Stock Up 0.2%

The stock has a 50-day moving average of $5.37 and a 200 day moving average of $5.32. The stock has a market cap of $294.91 million, a PE ratio of 16.75 and a beta of 0.47.

Insider Buying and Selling

In other Citizens news, CEO Jon Stenberg acquired 10,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were acquired at an average cost of $4.82 per share, with a total value of $48,200.00. Following the acquisition, the chief executive officer directly owned 327,574 shares of the company’s stock, valued at approximately $1,578,906.68. The trade was a 3.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in Citizens by 3,686.7% in the second quarter. Bank of America Corp DE now owns 14,541 shares of the insurance provider’s stock valued at $51,000 after purchasing an additional 14,157 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Citizens by 92.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,724 shares of the insurance provider’s stock valued at $56,000 after buying an additional 5,141 shares during the last quarter. Alliancebernstein L.P. purchased a new position in shares of Citizens during the 3rd quarter valued at about $57,000. The Manufacturers Life Insurance Company acquired a new position in shares of Citizens in the 2nd quarter valued at about $63,000. Finally, Brandywine Global Investment Management LLC acquired a new position in shares of Citizens in the 4th quarter valued at about $84,000. 13.73% of the stock is currently owned by institutional investors and hedge funds.

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.