State Street Corp Acquires 2,959 Shares of CorVel Co. (NASDAQ:CRVL)

State Street Corp raised its holdings in CorVel Co. (NASDAQ:CRVL - Free Report) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 360,068 shares of the business services provider's stock after purchasing an additional 2,959 shares during the quarter. State Street Corp owned approximately 2.10% of CorVel worth $117,703,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CRVL. Point72 DIFC Ltd acquired a new stake in shares of CorVel in the third quarter valued at approximately $88,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in CorVel during the 3rd quarter worth $184,000. Erste Asset Management GmbH acquired a new stake in shares of CorVel during the third quarter worth $545,000. Edgestream Partners L.P. raised its holdings in CorVel by 38.9% in the third quarter. Edgestream Partners L.P. now owns 4,102 shares of the business services provider's stock worth $1,341,000 after purchasing an additional 1,148 shares during the period. Finally, Verition Fund Management LLC acquired a new position in shares of CorVel in the 3rd quarter valued at $213,000. Institutional investors own 51.36% of the company's stock.

CorVel Stock Performance

Shares of NASDAQ CRVL traded up $14.26 during trading hours on Monday, reaching $366.26. 48,838 shares of the stock were exchanged, compared to its average volume of 36,844. CorVel Co. has a 52 week low of $223.89 and a 52 week high of $381.73. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of 74.73 and a beta of 1.14. The stock's fifty day simple moving average is $336.33 and its 200 day simple moving average is $304.35.

Insiders Place Their Bets

In other news, EVP Mark E. Bertels sold 350 shares of the company's stock in a transaction that occurred on 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 directly owns 860 shares of the company's stock, valued at $307,321. This represents a 28.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 47.57% of the company's stock.

Wall Street Analyst Weigh In

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

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.