American Century Companies Inc. Increases Stock Holdings in CorVel Co. (NASDAQ:CRVL)

American Century Companies Inc. lifted its holdings in CorVel Co. (NASDAQ:CRVL - Free Report) by 200.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,832 shares of the business services provider's stock after buying an additional 9,233 shares during the period. American Century Companies Inc.'s holdings in CorVel were worth $1,539,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SkyView Investment Advisors LLC boosted its position in shares of CorVel by 1.6% during the third quarter. SkyView Investment Advisors LLC now owns 4,351 shares of the business services provider's stock worth $1,422,000 after buying an additional 67 shares during the period. Fifth Third Bancorp raised its holdings in shares of CorVel by 45.9% in the 4th quarter. Fifth Third Bancorp now owns 321 shares of the business services provider's stock valued at $36,000 after buying an additional 101 shares during the period. Sanctuary Advisors LLC lifted its stake in CorVel by 4.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,848 shares of the business services provider's stock worth $931,000 after acquiring an additional 124 shares in the last quarter. Franklin Resources Inc. boosted its holdings in CorVel by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,917 shares of the business services provider's stock valued at $614,000 after acquiring an additional 173 shares during the period. Finally, US Bancorp DE grew its position in CorVel by 225.4% in the 4th quarter. US Bancorp DE now owns 384 shares of the business services provider's stock valued at $43,000 after acquiring an additional 266 shares in the last quarter. 51.36% of the stock is currently owned by institutional investors and hedge funds.

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CorVel Price Performance

Shares of CRVL traded up $0.96 during midday trading on Friday, reaching $115.86. The stock had a trading volume of 103,434 shares, compared to its average volume of 113,372. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 68.15 and a beta of 0.94. The company's fifty day simple moving average is $111.60 and its two-hundred day simple moving average is $115.04. CorVel Co. has a 1-year low of $76.20 and a 1-year high of $128.61.

CorVel (NASDAQ:CRVL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The business services provider reported $0.46 EPS for the quarter. CorVel had a net margin of 10.12% and a return on equity of 32.22%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of CorVel from a "hold" rating to a "buy" rating in a research report on Tuesday, April 8th.

Insider Activity at CorVel

In other news, Director Steven J. Hamerslag sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $123.48, for a total value of $1,234,800.00. Following the transaction, the director now owns 314,000 shares of the company's stock, valued at approximately $38,772,720. The trade was a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alan Hoops sold 10,200 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $116.39, for a total transaction of $1,187,178.00. Following the transaction, the director now owns 118,213 shares of the company's stock, valued at approximately $13,758,811.07. The trade was a 7.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,723 shares of company stock worth $5,757,140 in the last 90 days. 47.57% of the stock is owned by insiders.

About CorVel

CorVel Corporation provides workers' compensation, auto, liability, and health solutions. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. The company also offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement, retrospective utilization review, facility claim review, professional review, pharmacy, directed care, clearinghouse, independent medical examination, and inpatient medical bill review services, as well as Medicare solutions.