Key Points
- Director R. Judd Jessup sold shares on Nov. 10–11: he sold 210 shares at an average $76.27 for $16,016.70 and a separate sale of 7,076 shares at $76.94 for $544,427.44, disclosed in an SEC filing.
- After the transactions Jessup still holds 122,121 shares (about $9.31 million); the 210-share sale was reported as a 0.17% reduction in that position.
- Market context: CorVel shares traded down to $73.85, the company has a market cap of ~$3.78 billion and a PE of 38.04, and analysts maintain a consensus rating of Hold.
CorVel Corp. (NASDAQ:CRVL - Get Free Report) Director R Judd Jessup sold 210 shares of the firm's stock in a transaction on Monday, November 10th. The shares were sold at an average price of $76.27, for a total transaction of $16,016.70. Following the sale, the director owned 122,121 shares in the company, valued at approximately $9,314,168.67. This trade represents a 0.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
R Judd Jessup also recently made the following trade(s):
- On Tuesday, November 11th, R Judd Jessup sold 7,076 shares of CorVel stock. The stock was sold at an average price of $76.94, for a total value of $544,427.44.
CorVel Price Performance
CorVel stock traded down $3.39 during trading hours on Thursday, reaching $73.85. The stock had a trading volume of 25,837 shares, compared to its average volume of 145,628. The stock has a market cap of $3.78 billion, a PE ratio of 38.04 and a beta of 0.98. The company has a fifty day simple moving average of $77.34 and a 200-day simple moving average of $92.38. CorVel Corp. has a 52 week low of $70.47 and a 52 week high of $128.61.
CorVel (NASDAQ:CRVL - Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The business services provider reported $0.54 earnings per share (EPS) for the quarter. The company had revenue of $239.64 million for the quarter. CorVel had a return on equity of 32.31% and a net margin of 10.98%.
Institutional Trading of CorVel
Institutional investors and hedge funds have recently modified their holdings of the business. Xponance Inc. boosted its holdings in CorVel by 4.9% in the first quarter. Xponance Inc. now owns 2,008 shares of the business services provider's stock worth $225,000 after purchasing an additional 94 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of CorVel by 4.2% in the first quarter. Ballentine Partners LLC now owns 2,531 shares of the business services provider's stock worth $283,000 after purchasing an additional 102 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of CorVel by 0.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,961 shares of the business services provider's stock valued at $1,640,000 after purchasing an additional 115 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of CorVel by 0.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,918 shares of the business services provider's stock valued at $1,636,000 after buying an additional 139 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in CorVel by 1.7% in the 3rd quarter. Arizona State Retirement System now owns 9,113 shares of the business services provider's stock worth $706,000 after buying an additional 155 shares during the period. Institutional investors own 51.36% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently commented on CRVL. Weiss Ratings restated a "hold (c)" rating on shares of CorVel in a research note on Tuesday, October 14th. Wall Street Zen lowered CorVel from a "buy" rating to a "hold" rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".
Read Our Latest Stock Report on CorVel
About CorVel
(
Get Free Report)
CorVel Corporation provides workers' compensation, auto, liability, and health solutions. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. The company also offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement, retrospective utilization review, facility claim review, professional review, pharmacy, directed care, clearinghouse, independent medical examination, and inpatient medical bill review services, as well as Medicare solutions.
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