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

Citizens, Inc. (NYSE:CIA) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.64 and traded as high as $4.08. Citizens shares last traded at $4.01, with a volume of 136,766 shares changing hands.

Wall Street Analyst Weigh In

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

Citizens Trading Up 2.3 %

The company has a 50-day moving average price of $4.41 and a two-hundred day moving average price of $3.65. The stock has a market cap of $220.09 million, a P/E ratio of 10.26 and a beta of 0.09.

Institutional Trading of Citizens

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its position in shares of Citizens by 5.3% during the third 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 period. Geode Capital Management LLC boosted its holdings in Citizens by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 458,886 shares of the insurance provider’s stock valued at $1,662,000 after acquiring an additional 10,235 shares during the period. Barclays PLC grew its position in Citizens by 24.4% in the 3rd quarter. Barclays PLC now owns 52,379 shares of the insurance provider’s stock valued at $189,000 after acquiring an additional 10,267 shares during the last quarter. Ritholtz Wealth Management purchased a new stake in Citizens in the second quarter worth $54,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Citizens during the third quarter worth $82,000. 13.73% of the stock is owned by hedge funds and other institutional investors.

About Citizens

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.