Thrivent Financial for Lutherans Boosts Holdings in CorVel Co. (NASDAQ:CRVL)

Thrivent Financial for Lutherans lifted its stake in CorVel Co. (NASDAQ:CRVL - Free Report) by 195.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,048 shares of the business services provider's stock after buying an additional 13,918 shares during the quarter. Thrivent Financial for Lutherans' holdings in CorVel were worth $2,342,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp boosted its holdings in CorVel by 45.9% in the 4th quarter. Fifth Third Bancorp now owns 321 shares of the business services provider's stock worth $36,000 after buying an additional 101 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of CorVel in the fourth quarter valued at about $37,000. US Bancorp DE boosted its stake in shares of CorVel by 225.4% in the fourth quarter. US Bancorp DE now owns 384 shares of the business services provider's stock worth $43,000 after acquiring an additional 266 shares during the period. GAMMA Investing LLC grew its position in shares of CorVel by 175.2% during the fourth quarter. GAMMA Investing LLC now owns 432 shares of the business services provider's stock worth $48,000 after purchasing an additional 275 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in CorVel by 216.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 532 shares of the business services provider's stock valued at $59,000 after purchasing an additional 364 shares during the period. 51.36% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

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

Insider Activity at CorVel

In other CorVel news, Director Steven J. Hamerslag sold 10,000 shares of the 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 completion of the transaction, the director now owns 314,000 shares in the company, valued at $38,772,720. This trade represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $119.56, for a total transaction of $182,089.88. Following the completion of the sale, the chief financial officer now owns 17,142 shares in the company, valued at approximately $2,049,497.52. This trade represents a 8.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,200 shares of company stock valued at $3,824,115. Insiders own 47.57% of the company's stock.

CorVel Trading Up 0.5 %

Shares of NASDAQ:CRVL traded up $0.61 during midday trading on Monday, reaching $111.97. 119,363 shares of the company were exchanged, compared to its average volume of 111,733. The stock has a market cap of $5.75 billion, a PE ratio of 65.87 and a beta of 1.06. The business's fifty day moving average is $112.32 and its two-hundred day moving average is $114.69. CorVel Co. has a one year low of $76.20 and a one year high of $128.61.

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

About CorVel

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.