Teacher Retirement System of Texas Has $9.38 Million Stock Position in CorVel Co. (NASDAQ:CRVL)

Teacher Retirement System of Texas boosted its position in shares of CorVel Co. (NASDAQ:CRVL - Free Report) by 229.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 84,270 shares of the business services provider's stock after purchasing an additional 58,661 shares during the period. Teacher Retirement System of Texas owned 0.17% of CorVel worth $9,376,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Boston Trust Walden Corp grew its holdings in shares of CorVel by 196.8% during the fourth quarter. Boston Trust Walden Corp now owns 690,053 shares of the business services provider's stock valued at $76,775,000 after buying an additional 457,538 shares in the last quarter. State Street Corp boosted its position in CorVel by 0.8% during the 3rd quarter. State Street Corp now owns 360,068 shares of the business services provider's stock worth $117,703,000 after acquiring an additional 2,959 shares during the period. Charles Schwab Investment Management Inc. grew its stake in CorVel by 203.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 261,644 shares of the business services provider's stock valued at $29,111,000 after acquiring an additional 175,408 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of CorVel by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 253,870 shares of the business services provider's stock valued at $83,000,000 after purchasing an additional 9,571 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of CorVel in the fourth quarter worth approximately $25,123,000. 51.36% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at CorVel

In related news, CFO Brandon O'brien sold 1,523 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $119.56, for a total transaction of $182,089.88. Following the transaction, the chief financial officer now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Steven J. Hamerslag sold 10,000 shares of the company's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $123.48, for a total value of $1,234,800.00. Following the completion of the transaction, the director now 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 disclosure for this sale can be found here. Insiders have sold a total of 32,200 shares of company stock worth $3,824,115 over the last three months. Corporate insiders own 47.57% of the company's stock.

CorVel Trading Up 1.3 %

NASDAQ CRVL traded up $1.43 on Wednesday, reaching $111.53. The stock had a trading volume of 71,605 shares, compared to its average volume of 106,419. The business has a 50 day moving average price of $112.12 and a 200 day moving average price of $114.38. CorVel Co. has a 1 year low of $76.20 and a 1 year high of $128.61. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 65.61 and a beta of 1.06.

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 for the quarter. CorVel had a net margin of 10.12% and a return on equity of 32.22%.

Analyst Upgrades and Downgrades

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.