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

Citizens, Inc. (NYSE:CIA)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.30 and traded as high as $4.85. Citizens shares last traded at $4.69, with a volume of 78,031 shares traded.

Citizens Stock Up 2.5 %

The company has a market cap of $233.81 million, a PE ratio of 10.90 and a beta of 0.11. The stock has a 50-day moving average of $4.24 and a 200-day moving average of $3.30.

Insider Buying and Selling at Citizens

In related news, CEO Jon Stenberg purchased 12,558 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was acquired at an average price of $2.96 per share, with a total value of $37,171.68. Following the purchase, the chief executive officer now directly owns 18,023 shares in the company, valued at approximately $53,348.08. This represents a 229.79 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its position in Citizens by 2.3% during the third quarter. Geode Capital Management LLC now owns 458,886 shares of the insurance provider’s stock valued at $1,662,000 after purchasing an additional 10,235 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Citizens by 26.8% during the 2nd quarter. First Eagle Investment Management LLC now owns 418,923 shares of the insurance provider’s stock valued at $1,139,000 after buying an additional 88,415 shares in the last quarter. Empowered Funds LLC lifted its position in Citizens by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 138,281 shares of the insurance provider’s stock worth $501,000 after buying an additional 6,968 shares during the last quarter. Barclays PLC boosted its stake in Citizens by 24.4% in the third quarter. Barclays PLC now owns 52,379 shares of the insurance provider’s stock worth $189,000 after buying an additional 10,267 shares in the last quarter. Finally, Marietta Wealth Management LLC bought a new position in Citizens during the second quarter valued at approximately $64,000. 13.73% of the stock is currently 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.