CorVel (NASDAQ:CRVL - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Tuesday.
CorVel Stock Up 0.8 %
Shares of NASDAQ:CRVL traded up $0.96 during trading on Tuesday, reaching $115.86. 103,434 shares of the company's stock traded hands, compared to its average volume of 113,499. CorVel has a fifty-two week low of $76.20 and a fifty-two week high of $128.61. The company has a 50-day simple moving average of $111.60 and a 200-day simple moving average of $115.09. The firm has a market cap of $5.95 billion, a PE ratio of 68.15 and a beta of 0.94.
CorVel (NASDAQ:CRVL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $0.46 earnings per share (EPS) for the quarter. CorVel had a net margin of 10.12% and a return on equity of 32.22%.
Insider Buying and Selling at CorVel
In related news, Director Alan Hoops sold 10,200 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $116.39, for a total transaction of $1,187,178.00. Following the completion of the sale, the director now directly owns 118,213 shares in the company, valued at approximately $13,758,811.07. This trade represents a 7.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brandon O'brien sold 1,523 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $119.56, for a total transaction of $182,089.88. Following the completion of the transaction, the chief financial officer now owns 17,142 shares in the company, valued at $2,049,497.52. The trade was a 8.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,723 shares of company stock worth $5,757,140. Corporate insiders own 47.57% of the company's stock.
Institutional Trading of CorVel
Several institutional investors have recently made changes to their positions in CRVL. LGT Financial Advisors LLC increased its stake in CorVel by 200.0% during the fourth quarter. LGT Financial Advisors LLC now owns 255 shares of the business services provider's stock worth $28,000 after acquiring an additional 170 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of CorVel by 6,350.0% during the 4th quarter. Bessemer Group Inc. now owns 258 shares of the business services provider's stock worth $29,000 after purchasing an additional 254 shares during the period. Fifth Third Bancorp increased its position in shares of CorVel by 45.9% during the 4th quarter. Fifth Third Bancorp now owns 321 shares of the business services provider's stock worth $36,000 after purchasing an additional 101 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of CorVel during the 4th quarter worth about $37,000. Finally, US Bancorp DE raised its holdings 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 buying an additional 266 shares during the period. Hedge funds and other institutional investors own 51.36% of the company's stock.
About CorVel
(
Get Free Report)
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.
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