Crawford & Company (NYSE:CRD.B) Sees Strong Trading Volume – Here’s What Happened

Crawford & Company (NYSE:CRD.BGet Free Report) shares saw unusually-strong trading volume on Monday . Approximately 18,761 shares were traded during mid-day trading, an increase of 40% from the previous session’s volume of 13,363 shares.The stock last traded at $12.3790 and had previously closed at $12.24.

Wall Street Analyst Weigh In

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

View Our Latest Analysis on CRD.B

Crawford & Company Stock Up 2.8%

The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $611.66 million, a PE ratio of 26.22 and a beta of 0.60. The business has a 50-day moving average price of $10.86 and a 200-day moving average price of $10.37.

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

Insiders Place Their Bets

In other news, EVP Andrew John Bart sold 3,118 shares of Crawford & Company stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $13.02, for a total transaction of $40,596.36. Following the transaction, the executive vice president owned 94,607 shares in the company, valued at $1,231,783.14. The trade was a 3.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Jesse C. Crawford sold 1,000,000 shares of Crawford & Company stock in a transaction 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 transaction, the insider owned 4,447,188 shares in the company, valued at approximately $56,968,478.28. This represents a 18.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,016,788 shares of company stock valued at $13,031,618 over the last ninety days. Corporate insiders own 51.04% of the company’s stock.

Crawford & Company Company Profile

(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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