Crawford & Company (NYSE:CRD.B – Get Free Report) posted its quarterly earnings results on Monday. The business services provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.07, Zacks reports. Crawford & Company had a net margin of 1.81% and a return on equity of 28.15%.
Crawford & Company Price Performance
Shares of Crawford & Company stock traded up $0.34 during trading hours on Monday, hitting $12.13. The company’s stock had a trading volume of 19,279 shares, compared to its average volume of 15,824. The business has a 50 day moving average price of $11.96 and a two-hundred day moving average price of $10.76. Crawford & Company has a 12-month low of $8.78 and a 12-month high of $13.59. The company has a market cap of $589.69 million, a PE ratio of 25.27 and a beta of 0.69. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.19 and a current ratio of 1.19.
Analysts Set New Price Targets
Separately, Zacks Research downgraded shares of Crawford & Company from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
View Our Latest Report on Crawford & Company
Insider Activity
In other Crawford & Company news, EVP Andrew Bart sold 3,305 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 86,395 shares in the company, valued at $1,154,237.20. This represents a 3.68% decrease in their position. The transaction was disclosed in a document filed 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 that occurred on 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 completion of the transaction, the insider owned 4,447,188 shares of the company’s stock, valued at $56,968,478.28. The trade was a 18.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,020,093 shares of company stock valued at $13,075,773 in the last quarter. 51.04% of the stock is currently owned by company insiders.
About Crawford & Company
Crawford & Company (NYSE: CRD.B) is a global provider of claims management and related outsourcing services for the insurance industry. The company works with insurers, brokers, corporations and government entities to manage property and casualty claims throughout the claims life cycle.
Its services include loss adjusting, claims administration, catastrophe response, third-party claims management, workers’ compensation services, medical management and related consulting and technology solutions.
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