Crawford & Company (NYSE:CRD.A) Hits New 1-Year High – Here’s Why

Crawford & Company (NYSE:CRD.AGet Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as $12.12 and last traded at $11.9610, with a volume of 506586 shares. The stock had previously closed at $11.05.

Analyst Ratings Changes

A number of brokerages have issued reports on CRD.A. Wall Street Zen upgraded shares of Crawford & Company from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Barrington Research reaffirmed an “outperform” rating and set a $14.00 price objective on shares of Crawford & Company in a research report on Monday, March 9th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Crawford & Company has a consensus rating of “Buy” and an average target price of $14.00.

Read Our Latest Analysis on CRD.A

Crawford & Company Trading Up 8.2%

The stock has a 50-day moving average price of $10.65 and a 200-day moving average price of $10.66. The stock has a market cap of $582.98 million, a P/E ratio of 33.23 and a beta of 0.81. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.14 and a current ratio of 1.14.

Crawford & Company (NYSE:CRD.AGet Free Report) last announced its quarterly earnings data on Monday, May 4th. The business services provider reported $0.16 earnings per share (EPS) for the quarter. Crawford & Company had a return on equity of 24.21% and a net margin of 1.37%.The firm had revenue of $320.13 million for the quarter.

Insider Buying and Selling

In other news, EVP Andrew John Bart sold 14,005 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $10.32, for a total transaction of $144,531.60. Following the sale, the executive vice president owned 113,390 shares of the company’s stock, valued at $1,170,184.80. This trade represents a 10.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Tami E. Stevenson sold 19,220 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $9.46, for a total value of $181,821.20. Following the sale, the senior vice president owned 22,248 shares of the company’s stock, valued at approximately $210,466.08. This represents a 46.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 58,282 shares of company stock valued at $578,875 in the last ninety days. Insiders own 54.27% of the company’s stock.

Crawford & Company Company Profile

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Crawford & Company provides claims management and outsourcing solutions to the risk management and insurance industry, and self-insured entities. The company's Crawford Claims Solutions segment offers claims management services related to property, casualty, and catastrophe losses caused by physical damage to commercial and residential real properties, and personal properties, as well as marine losses. It also offers services in the areas of field investigation, catastrophe, evaluation, and resolution of property and casualty insurance claims; and various on-demand inspection, verification, and other task specific field services for businesses and consumers through a mobile platform.

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