Crawford & Company (NYSE:CRD.B) Sets New 1-Year High – Here’s What Happened

Crawford & Company (NYSE:CRD.BGet Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $12.65 and last traded at $12.1040, with a volume of 12386 shares. The stock had previously closed at $12.43.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Crawford & Company from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Check Out Our Latest Analysis on CRD.B

Crawford & Company Stock Performance

The firm’s 50 day moving average is $10.60 and its 200-day moving average is $10.27. The stock has a market capitalization of $598.39 million, a price-to-earnings ratio of 25.65 and a beta of 0.60. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.19 and a current ratio of 1.19.

Crawford & Company (NYSE:CRD.BGet Free Report) last released its quarterly earnings results on Monday, August 3rd. The business services provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.27 by $0.11. Crawford & Company had a net margin of 1.81% and a return on equity of 28.15%. The company had revenue of $321.44 million for the quarter, compared to analyst estimates of $336.09 million. Analysts forecast that Crawford & Company will post 1.05 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Jesse C. Crawford sold 1,000,000 shares of Crawford & Company 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 completion of the transaction, the insider owned 4,447,188 shares in the company, valued at $56,968,478.28. The trade was a 18.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew John Bart sold 14,005 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $10.32, for a total value of $144,531.60. Following the completion of the transaction, the executive vice president directly owned 113,390 shares of the company’s stock, valued at $1,170,184.80. The trade was a 10.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,032,000 shares of company stock worth $13,137,140. Corporate insiders own 51.04% of the company’s stock.

About Crawford & Company

(Get Free Report)

Crawford & Company (NYSE: CRD.B) is an independent provider of claims management and risk solutions to insurance carriers and self-insured entities worldwide. The company’s services span property and casualty claims adjusting, third-party administration, managed repair, catastrophe response, and risk consulting. Through its network of professionals, Crawford & Company assists clients in streamlining claims processes, controlling costs, and improving customer satisfaction across diverse lines of business.

Founded in 1941 by James O.

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