Citizens (NYSE:CIA) Shares Pass Above Fifty Day Moving Average of $6.92

Shares of Citizens, Inc. (NYSE:CIA) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-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 trading hands.

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

The stock has a 50 day simple moving average of $6.94.

Citizens (NYSE:CIA) last issued its quarterly earnings results on Friday, May 10th. The insurance provider reported ($0.08) earnings per share for the quarter. The business 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 modified their holdings of the business. Legal & General Group Plc raised its position in Citizens by 32.8% in the 4th quarter. Legal & General Group Plc now owns 9,626 shares of the insurance provider’s stock valued at $72,000 after purchasing an additional 2,378 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Citizens by 454.1% during the first quarter. BNP Paribas Arbitrage SA now owns 10,362 shares of the insurance provider’s stock worth $69,000 after purchasing an additional 8,492 shares during the last quarter. Northern Trust Corp raised its holdings in Citizens by 1.9% during the fourth 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 during the last quarter. SG Americas Securities LLC acquired a new position in shares of Citizens in the first quarter worth $74,000. Finally, Metropolitan Life Insurance Co. NY raised its holdings in shares of Citizens by 380.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 17,195 shares of the insurance provider’s stock worth $129,000 after acquiring an additional 13,614 shares during the last quarter. Institutional investors own 21.06% of the company’s stock.

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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