Key Points
- Director R. Judd Jessup sold a total of 10,533 CorVel shares across Nov 7, 10 and 11 (including 3,247 on Nov 7) at average prices around $76–$77 for roughly $807,866 in proceeds, and now owns 111,798 shares—a 2.82% reduction in his stake.
- CorVel opened at $73.88 with a $3.79B market cap and a 52-week range of $70.47–$128.61; the company posted quarterly results of $0.54 EPS on $239.64M revenue, with a 32.31% ROE and a 10.98% net margin.
- Analyst and ownership backdrop: the consensus rating is "Hold" (Wall Street Zen recently downgraded to Hold), and institutional investors own about 51.36% of the stock.
CorVel Corp. (NASDAQ:CRVL - Get Free Report) Director R Judd Jessup sold 3,247 shares of the business's stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $76.20, for a total transaction of $247,421.40. Following the completion of the sale, the director directly owned 111,798 shares of the company's stock, valued at $8,519,007.60. This represents a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
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 transaction of $544,427.44.
- On Monday, November 10th, R Judd Jessup sold 210 shares of CorVel stock. The shares were sold at an average price of $76.27, for a total transaction of $16,016.70.
CorVel Trading Up 0.0%
Shares of NASDAQ:CRVL opened at $73.88 on Tuesday. The stock has a market capitalization of $3.79 billion, a PE ratio of 38.08 and a beta of 0.98. CorVel Corp. has a 1 year low of $70.47 and a 1 year high of $128.61. The firm has a fifty day moving average price of $75.20 and a 200 day moving average price of $90.15.
CorVel (NASDAQ:CRVL - Get Free Report) last posted its earnings results on Tuesday, November 4th. The business services provider reported $0.54 earnings per share 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 Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 acquiring an additional 115 shares during the period. The Manufacturers Life Insurance Company grew its holdings 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 worth $1,636,000 after purchasing an additional 139 shares in the last quarter. Arizona State Retirement System increased its position in shares of CorVel by 1.7% during 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 during the period. Atria Investments Inc raised its stake in shares of CorVel by 1.3% in 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 lifted its position in CorVel by 3.0% in the second quarter. ProShare Advisors LLC now owns 6,466 shares of the business services provider's stock worth $665,000 after purchasing an additional 189 shares during the period. 51.36% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on CRVL shares. Wall Street Zen lowered CorVel from a "buy" rating to a "hold" rating in a report on Saturday, November 8th. Weiss Ratings reissued a "hold (c)" rating on shares of CorVel in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold".
Read Our Latest Research Report on CorVel
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.
Further Reading
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