Crawford & Company (NYSE:CRD.A – Get Free Report) posted its quarterly earnings data on Monday. The business services provider reported $0.38 EPS for the quarter, FiscalAI reports. Crawford & Company had a net margin of 1.81% and a return on equity of 28.44%. The company had revenue of $321.44 million during the quarter.
Crawford & Company Price Performance
Crawford & Company stock traded up $0.25 during trading hours on Wednesday, reaching $12.76. 24,183 shares of the stock were exchanged, compared to its average volume of 57,964. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.86. Crawford & Company has a twelve month low of $8.63 and a twelve month high of $13.06. The company has a market cap of $621.92 million, a P/E ratio of 35.45 and a beta of 0.79. The stock has a 50 day moving average of $11.09 and a two-hundred day moving average of $10.65.
Analysts Set New Price Targets
Separately, Wall Street Zen raised Crawford & Company from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $14.00.
Insider Buying and Selling
In other news, SVP Tami E. Stevenson sold 7,062 shares of Crawford & Company stock in a transaction on Friday, May 8th. The stock was sold at an average price of $9.90, for a total value of $69,913.80. Following the transaction, the senior vice president owned 15,186 shares in the company, valued at approximately $150,341.40. This trade represents a 31.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Andrew John Bart sold 14,005 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $10.32, for a total value of $144,531.60. Following the sale, the executive vice president owned 113,390 shares of the company’s stock, valued at approximately $1,170,184.80. This represents a 10.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 58,282 shares of company stock valued at $578,875. 54.27% of the stock is currently owned by insiders.
About Crawford & Company
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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