Citizens (NYSE:CIA) Share Price Passes Above 50-Day Moving Average of $6.92

Citizens, Inc. (NYSE:CIA)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.92 and traded as high as $7.53. Citizens shares last traded at $7.44, with a volume of 1,300 shares.

Separately, ValuEngine raised Ultrapar Participacoes from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 4th.

The stock has a fifty day moving average price of $6.95.

Citizens (NYSE:CIA) last released its earnings results on Friday, May 10th. The insurance provider reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $56.45 million for the quarter. Citizens had a negative return on equity of 7.67% and a negative net margin of 5.99%.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Citizens by 2.0% during the fourth quarter. BlackRock Inc. now owns 3,478,038 shares of the insurance provider’s stock worth $26,153,000 after acquiring an additional 69,365 shares during the period. Northern Trust Corp increased its stake in Citizens by 1.9% in the 4th quarter. Northern Trust Corp now owns 592,363 shares of the insurance provider’s stock worth $4,454,000 after purchasing an additional 10,897 shares in the last quarter. Geode Capital Management LLC increased its stake in Citizens by 18.5% in the 4th quarter. Geode Capital Management LLC now owns 481,328 shares of the insurance provider’s stock worth $3,619,000 after purchasing an additional 75,186 shares in the last quarter. Rhumbline Advisers increased its stake in Citizens by 41.5% in the 4th quarter. Rhumbline Advisers now owns 71,126 shares of the insurance provider’s stock worth $535,000 after purchasing an additional 20,865 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Citizens by 63.5% in the 4th quarter. Bank of America Corp DE now owns 37,037 shares of the insurance provider’s stock worth $278,000 after purchasing an additional 14,383 shares in the last quarter. 21.06% of the stock is currently owned by hedge funds and other institutional investors.

About Citizens (NYSE:CIA)

Citizens, Inc, through its subsidiaries, provides life insurance products in the United States and internationally. It 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 international residents in approximately 20 countries through 1,110 independent marketing consultants, as well as through approximately 50 independent marketing firms and consultants throughout the United States.

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