Insider Selling: Crawford & Company (NYSE:CRD.B) Major Shareholder Sells $12,810,000.00 in Stock

Crawford & Company (NYSE:CRD.BGet Free Report) major shareholder Jesse Crawford sold 1,000,000 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $12.81, for a total value of $12,810,000.00. Following the completion of the sale, the insider owned 4,447,188 shares in the company, valued at $56,968,478.28. This represents a 18.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Crawford & Company Trading Up 1.5%

Crawford & Company stock opened at $12.29 on Friday. The stock has a market cap of $597.56 million, a PE ratio of 25.61 and a beta of 0.60. The stock has a 50-day moving average price of $10.64 and a 200 day moving average price of $10.29. Crawford & Company has a 52 week low of $8.78 and a 52 week high of $12.65. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.82.

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

Analyst Ratings Changes

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

Check Out Our Latest Research Report on CRD.B

About Crawford & Company

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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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Insider Buying and Selling by Quarter for Crawford & Company (NYSE:CRD.B)

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