Jane Street Group LLC Raises Holdings in CorVel Co. (NASDAQ:CRVL)

Jane Street Group LLC grew its stake in CorVel Co. (NASDAQ:CRVL - Free Report) by 44.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 20,404 shares of the business services provider's stock after buying an additional 6,300 shares during the quarter. Jane Street Group LLC owned 0.12% of CorVel worth $6,670,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. West Coast Financial LLC boosted its holdings in CorVel by 1.2% in the second quarter. West Coast Financial LLC now owns 29,929 shares of the business services provider's stock valued at $7,610,000 after purchasing an additional 358 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of CorVel by 2.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 4,600 shares of the business services provider's stock valued at $1,170,000 after buying an additional 100 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of CorVel by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 73,617 shares of the business services provider's stock valued at $18,719,000 after buying an additional 1,479 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in CorVel by 2.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,143 shares of the business services provider's stock worth $545,000 after acquiring an additional 46 shares in the last quarter. Finally, Farther Finance Advisors LLC purchased a new stake in CorVel in the second quarter valued at $318,000. 51.36% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CorVel

In related news, EVP Mark E. Bertels sold 350 shares of the firm's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $357.35, for a total transaction of $125,072.50. Following the transaction, the executive vice president now owns 860 shares of the company's stock, valued at $307,321. This trade represents a 28.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 47.57% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered CorVel from a "buy" rating to a "hold" rating in a report on Saturday, August 31st.

CorVel Stock Down 0.8 %

CRVL traded down $2.95 during trading on Friday, hitting $352.00. 30,186 shares of the stock were exchanged, compared to its average volume of 36,794. CorVel Co. has a 1-year low of $223.89 and a 1-year high of $381.73. The stock has a fifty day moving average price of $336.33 and a two-hundred day moving average price of $303.93. The firm has a market capitalization of $6.03 billion, a P/E ratio of 74.73 and a beta of 1.14.

CorVel Company Profile

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.