Crawford & Company (NYSE:CRD.B – Get Free Report) shares dropped 8.3% during trading on Tuesday. The stock traded as low as $11.39 and last traded at $11.1750. Approximately 3,539 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 15,763 shares. The stock had previously closed at $12.19.
Wall Street Analysts Forecast Growth
Separately, Zacks Research cut 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.com, Crawford & Company currently has an average rating of “Hold”.
Read Our Latest Research Report on CRD.B
Crawford & Company Stock Down 1.0%
The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.19 and a current ratio of 1.17. The company has a market cap of $547.35 million, a P/E ratio of 20.85 and a beta of 0.69. The stock has a 50 day moving average price of $11.92 and a 200 day moving average price of $10.78.
Crawford & Company (NYSE:CRD.B – Get Free Report) last posted its quarterly earnings data on Monday, November 2nd. The business services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.07. The company had revenue of $321.63 million during the quarter, compared to analyst estimates of $325.39 million. Crawford & Company had a net margin of 2.01% and a return on equity of 29.17%. Research analysts expect that Crawford & Company will post 1.05 earnings per share for the current fiscal year.
Insider Activity at Crawford & Company
In related news, major shareholder Jesse C. Crawford sold 1,000,000 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $12.81, for a total transaction of $12,810,000.00. Following the transaction, the insider directly owned 4,447,188 shares of the company’s stock, valued at approximately $56,968,478.28. The trade was a 18.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew Bart sold 10,118 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $13.17, for a total transaction of $133,254.06. Following the completion of the sale, the executive vice president directly owned 101,277 shares of the company’s stock, valued at $1,333,818.09. This trade represents a 9.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,020,093 shares of company stock worth $13,075,773. 51.04% of the stock is currently owned by 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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