CorVel Co. (NASDAQ:CRVL) Director Jeffrey J. Michael Sells 10,477 Shares

CorVel Co. (NASDAQ:CRVL) Director Jeffrey J. Michael sold 10,477 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $116.45, for a total transaction of $1,220,046.65. Following the completion of the transaction, the director now owns 568,310 shares in the company, valued at $66,179,699.50. This represents a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

CorVel Stock Performance

Shares of NASDAQ:CRVL opened at $106.17 on Wednesday. CorVel Co. has a 52 week low of $76.20 and a 52 week high of $128.61. The company has a market capitalization of $5.45 billion, a PE ratio of 62.45 and a beta of 1.06. The company has a 50 day moving average price of $112.55 and a two-hundred day moving average price of $114.20.

CorVel (NASDAQ:CRVL) last issued its earnings results on Tuesday, February 4th. The business services provider reported $0.46 EPS for the quarter. CorVel had a net margin of 10.12% and a return on equity of 32.22%.

Institutional Investors Weigh In On CorVel

Large investors have recently bought and sold shares of the company. LGT Financial Advisors LLC increased its position in shares of CorVel by 200.0% during the fourth quarter. LGT Financial Advisors LLC now owns 255 shares of the business services provider’s stock worth $28,000 after acquiring an additional 170 shares in the last quarter. Bessemer Group Inc. increased its position in shares of CorVel by 6,350.0% during the fourth quarter. Bessemer Group Inc. now owns 258 shares of the business services provider’s stock worth $29,000 after acquiring an additional 254 shares in the last quarter. Fifth Third Bancorp increased its position in shares of CorVel by 45.9% during the fourth quarter. Fifth Third Bancorp now owns 321 shares of the business services provider’s stock worth $36,000 after acquiring an additional 101 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in shares of CorVel during the fourth quarter worth $37,000. Finally, US Bancorp DE increased its position in shares of CorVel by 225.4% during the fourth quarter. US Bancorp DE now owns 384 shares of the business services provider’s stock worth $43,000 after acquiring an additional 266 shares in the last quarter. Institutional investors own 51.36% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of CorVel from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th.

CorVel Company Profile

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.