Crawford & Company (NYSE:CRD.A) Hits New 12-Month High – Here’s What Happened

Crawford & Company (NYSE:CRD.AGet Free Report)’s stock price reached a new 52-week high on Friday . The stock traded as high as $14.50 and last traded at $14.50, with a volume of 115 shares changing hands. The stock had previously closed at $13.07.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Analysis on Crawford & Company

Crawford & Company Price Performance

The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market capitalization of $640.63 million, a P/E ratio of 28.04 and a beta of 0.79. The stock’s 50 day simple moving average is $11.86 and its 200 day simple moving average is $10.93.

Crawford & Company (NYSE:CRD.AGet Free Report) last posted its quarterly earnings results 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 during the quarter. Crawford & Company had a net margin of 1.81% and a return on equity of 28.15%.

Insiders Place Their Bets

In related news, EVP Andrew John Bart sold 3,305 shares of Crawford & Company stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $13.36, for a total value of $44,154.80. Following the completion of the sale, the executive vice president directly owned 86,395 shares in the company, valued at $1,154,237.20. The trade was a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction of $12,810,000.00. Following the completion of the sale, the insider directly owned 4,447,188 shares of the company’s stock, valued at approximately $56,968,478.28. This trade represents a 18.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,020,093 shares of company stock valued at $13,075,773. 54.27% of the stock is currently 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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