Key Points
- Major shareholder Jesse Crawford sold 1 million Crawford & Company shares at an average price of $12.81, generating $12.81 million. The sale reduced Crawford’s ownership by 18.36% to 4,447,188 shares.
- Crawford & Company reported quarterly earnings of $0.38 per share on revenue of $321.44 million, with a 28.15% return on equity and a 1.81% net margin.
- The stock opened at $13.20 and has a consensus analyst rating of “Buy”, with a $14.00 price target; shares have traded between $8.89 and $13.79 over the past year.
Crawford & Company (NYSE:CRD.A - Get Free Report) major shareholder Jesse Crawford sold 1,000,000 shares of the company's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $12.81, for a total transaction of $12,810,000.00. Following the completion of the sale, the insider directly owned 4,447,188 shares of the company's stock, valued at $56,968,478.28. The trade was a 18.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Crawford & Company Stock Performance
NYSE CRD.A opened at $13.20 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.82. Crawford & Company has a 52-week low of $8.89 and a 52-week high of $13.79. The business's 50-day moving average price is $11.34 and its 200 day moving average price is $10.73. The firm has a market cap of $641.75 million, a P/E ratio of 28.09 and a beta of 0.79.
Crawford & Company (NYSE:CRD.A - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The business services provider reported $0.38 earnings per share (EPS) for the quarter. The firm had revenue of $321.44 million for the quarter. Crawford & Company had a return on equity of 28.15% and a net margin of 1.81%.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Crawford & Company from a "buy" rating to a "strong-buy" rating in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $14.00.
Read Our Latest Research Report on CRD.A
Crawford & Company Company Profile
(
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Crawford & Company provides claims management and outsourcing solutions to the risk management and insurance industry, and self-insured entities. The company's Crawford Claims Solutions segment offers claims management services related to property, casualty, and catastrophe losses caused by physical damage to commercial and residential real properties, and personal properties, as well as marine losses. It also offers services in the areas of field investigation, catastrophe, evaluation, and resolution of property and casualty insurance claims; and various on-demand inspection, verification, and other task specific field services for businesses and consumers through a mobile platform.
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