Key Points
- Insider sale: EVP Mark Bertels sold 1,200 shares at an average price of $72.35 on Nov. 19 for $86,820, cutting his ownership by 31.63%; the sale was disclosed in an SEC filing.
- Stock snapshot: CRVL traded at $74.11 mid-day, has a market cap of $3.8B and a PE of 38.2, a one‑year range of $70.47–$128.61, and the 50‑day moving average ($75.62) sits well below the 200‑day ($90.96), suggesting recent weakness.
- Fundamentals and outlook: CorVel reported quarterly EPS of $0.54 on $239.64M in revenue with a 10.98% net margin and 32.31% ROE, and analysts currently have a consensus Hold rating.
CorVel Corp. (NASDAQ:CRVL - Get Free Report) EVP Mark Bertels sold 1,200 shares of the firm's stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $72.35, for a total value of $86,820.00. Following the transaction, the executive vice president owned 2,594 shares in the company, valued at approximately $187,675.90. This trade represents a 31.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
CorVel Stock Performance
CRVL traded up $2.42 during mid-day trading on Friday, reaching $74.11. 28,215 shares of the stock were exchanged, compared to its average volume of 145,458. CorVel Corp. has a 1 year low of $70.47 and a 1 year high of $128.61. The stock has a market capitalization of $3.80 billion, a PE ratio of 38.20 and a beta of 0.98. The company has a 50 day moving average price of $75.62 and a two-hundred day moving average price of $90.96.
CorVel (NASDAQ:CRVL - Get Free Report) last released its quarterly earnings results on Tuesday, November 4th. The business services provider reported $0.54 earnings per share for the quarter. CorVel had a net margin of 10.98% and a return on equity of 32.31%. The company had revenue of $239.64 million for the quarter.
Hedge Funds Weigh In On CorVel
Several institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in CorVel by 0.7% during the second 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 in the last quarter. The Manufacturers Life Insurance Company boosted its position 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 acquiring an additional 139 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of CorVel by 1.7% in the third quarter. Arizona State Retirement System now owns 9,113 shares of the business services provider's stock valued at $706,000 after purchasing an additional 155 shares in the last quarter. Atria Investments Inc raised its stake in CorVel by 1.3% during the second quarter. Atria Investments Inc now owns 14,646 shares of the business services provider's stock valued at $1,505,000 after purchasing an additional 186 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in shares of CorVel by 3.0% in the 2nd quarter. ProShare Advisors LLC now owns 6,466 shares of the business services provider's stock worth $665,000 after buying an additional 189 shares in the last quarter. 51.36% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on CRVL shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of CorVel in a research report 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 investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, CorVel presently has a consensus rating of "Hold".
View Our Latest Research Report on CRVL
CorVel Company Profile
(
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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