Crawford & Company (NYSE:CRD.A) Sets New 52-Week High – Should You Buy?

Crawford & Company (NYSE:CRD.AGet Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $13.90 and last traded at $13.7710, with a volume of 57382 shares traded. The stock had previously closed at $13.29.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Crawford & Company from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Crawford & Company currently has a consensus rating of “Buy” and a consensus target price of $14.00.

View Our Latest Analysis on CRD.A

Crawford & Company Price Performance

The stock’s fifty day moving average price is $11.48 and its 200-day moving average price is $10.78. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market cap of $655.26 million, a price-to-earnings ratio of 28.68 and a beta of 0.79.

Crawford & Company (NYSE:CRD.AGet Free Report) last posted its quarterly earnings data on Monday, August 3rd. The business services provider reported $0.38 earnings per share for the quarter. The firm had revenue of $321.44 million for the quarter. Crawford & Company had a net margin of 1.81% and a return on equity of 28.15%.

Insider Transactions at Crawford & Company

In other news, major shareholder Jesse C. Crawford sold 1,000,000 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $12.81, for a total value of $12,810,000.00. Following the transaction, the insider owned 4,447,188 shares in the company, valued at $56,968,478.28. This represents a 18.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Andrew John Bart sold 14,005 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $10.32, for a total transaction of $144,531.60. Following the completion of the sale, the executive vice president directly owned 113,390 shares of the company’s stock, valued at $1,170,184.80. This trade represents a 10.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,024,000 shares of company stock worth $13,056,260 in the last quarter. 54.27% of the stock is owned by corporate insiders.

About Crawford & Company

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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.

Further Reading

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