CorVel Co. (NASDAQ:CRVL) Shares Bought by Sei Investments Co.

Sei Investments Co. increased its position in shares of CorVel Co. (NASDAQ:CRVL - Free Report) by 200.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,168 shares of the business services provider's stock after buying an additional 40,112 shares during the period. Sei Investments Co. owned about 0.12% of CorVel worth $6,694,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CRVL. FMR LLC boosted its position in CorVel by 193.1% during the 3rd quarter. FMR LLC now owns 4,306 shares of the business services provider's stock valued at $1,408,000 after acquiring an additional 2,837 shares in the last quarter. State Street Corp boosted its position in CorVel by 0.8% during the third quarter. State Street Corp now owns 360,068 shares of the business services provider's stock valued at $117,703,000 after purchasing an additional 2,959 shares in the last quarter. SkyView Investment Advisors LLC grew its stake in CorVel by 1.6% in the third quarter. SkyView Investment Advisors LLC now owns 4,351 shares of the business services provider's stock valued at $1,422,000 after purchasing an additional 67 shares during the last quarter. Victory Capital Management Inc. grew its stake in CorVel by 152.8% in the fourth quarter. Victory Capital Management Inc. now owns 109,084 shares of the business services provider's stock valued at $12,137,000 after purchasing an additional 65,940 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in CorVel in the third quarter worth about $213,000. 51.36% of the stock is currently owned by institutional investors.

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CorVel Trading Down 0.5 %

Shares of CRVL stock traded down $0.61 during trading hours on Friday, reaching $110.51. 146,153 shares of the company's stock were exchanged, compared to its average volume of 111,777. CorVel Co. has a fifty-two week low of $76.20 and a fifty-two week high of $128.61. The stock's 50 day moving average is $112.27 and its 200-day moving average is $114.79. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 65.01 and a beta of 1.06.

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

Insider Activity at CorVel

In other news, Director Steven J. Hamerslag sold 10,000 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $123.48, for a total transaction of $1,234,800.00. Following the sale, the director now directly owns 314,000 shares of the company's stock, valued at $38,772,720. The trade was a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brandon O'brien sold 1,523 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $119.56, for a total value of $182,089.88. Following the completion of the transaction, the chief financial officer now owns 17,142 shares of the company's stock, valued at $2,049,497.52. This trade represents a 8.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,200 shares of company stock valued at $3,824,115 in the last three months. 47.57% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of CorVel from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th.

CorVel 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.