CorVel Co. (NASDAQ:CRVL) Major Shareholder Corstar Holdings Inc Sells 2,009 Shares

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CorVel Co. (NASDAQ:CRVL) major shareholder Corstar Holdings Inc sold 2,009 shares of the business’s stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $52.09, for a total value of $104,648.81. Following the sale, the insider now owns 7,174,124 shares in the company, valued at $373,700,119.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Corstar Holdings Inc also recently made the following trade(s):

  • On Friday, June 15th, Corstar Holdings Inc sold 30,985 shares of CorVel stock. The shares were sold at an average price of $51.53, for a total value of $1,596,657.05.
  • On Monday, June 11th, Corstar Holdings Inc sold 17,584 shares of CorVel stock. The shares were sold at an average price of $52.01, for a total value of $914,543.84.
  • On Tuesday, June 5th, Corstar Holdings Inc sold 10 shares of CorVel stock. The shares were sold at an average price of $52.00, for a total value of $520.00.

Shares of NASDAQ:CRVL traded up $0.90 during midday trading on Friday, reaching $54.95. 1,761 shares of the company traded hands, compared to its average volume of 41,669. CorVel Co. has a 12 month low of $44.81 and a 12 month high of $61.20. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 29.14 and a beta of 0.68.

CorVel (NASDAQ:CRVL) last released its quarterly earnings data on Thursday, May 31st. The business services provider reported $0.47 earnings per share (EPS) for the quarter. CorVel had a return on equity of 23.11% and a net margin of 6.39%. The company had revenue of $143.57 million for the quarter.

A number of institutional investors have recently bought and sold shares of the stock. Allianz Asset Management GmbH grew its position in CorVel by 87.9% during the first quarter. Allianz Asset Management GmbH now owns 10,437 shares of the business services provider’s stock worth $528,000 after buying an additional 4,883 shares in the last quarter. Principal Financial Group Inc. grew its position in CorVel by 3.1% during the first quarter. Principal Financial Group Inc. now owns 77,515 shares of the business services provider’s stock worth $3,918,000 after buying an additional 2,363 shares in the last quarter. Legal & General Group Plc grew its position in CorVel by 20.1% during the first quarter. Legal & General Group Plc now owns 20,805 shares of the business services provider’s stock worth $1,045,000 after buying an additional 3,475 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its position in CorVel by 67.2% during the first quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 19,900 shares of the business services provider’s stock worth $1,006,000 after buying an additional 8,000 shares in the last quarter. Finally, Ancora Advisors LLC grew its position in CorVel by 17.7% during the first quarter. Ancora Advisors LLC now owns 109,939 shares of the business services provider’s stock worth $5,557,000 after buying an additional 16,529 shares in the last quarter. Institutional investors and hedge funds own 43.83% of the company’s stock.

Separately, BidaskClub upgraded CorVel from a “hold” rating to a “buy” rating in a research note on Friday.

CorVel Company Profile

CorVel Corporation provides medical cost containment and managed care services to address the medical costs of workers' compensation benefits, automobile insurance claims, and group health insurance benefits. The company offers network solutions, including automated medical fee auditing, preferred provider management and reimbursement services, retrospective utilization review, facility claim review, professional review, pharmacy services, directed care services, medicare solutions, clearinghouse services, independent medical examinations, and inpatient medical bill review.

Insider Buying and Selling by Quarter for CorVel (NASDAQ:CRVL)

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