Crawford & Company (NYSE:CRD.B) Sees Strong Trading Volume After Dividend Announcement

Shares of Crawford & Company (NYSE:CRD.B) saw unusually-strong trading volume on Monday following a dividend announcement from the company. Approximately 26,075 shares traded hands during mid-day trading, an increase of 159% from the previous session’s volume of 10,087 shares.The stock last traded at $10.64 and had previously closed at $10.15.

The newly announced dividend which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.63%. Crawford & Company’s dividend payout ratio (DPR) is presently 46.67%.

Crawford & Company Stock Up 5.1%

The stock has a market cap of $527.38 million, a P/E ratio of 26.63 and a beta of 0.77. The firm’s fifty day moving average is $10.57 and its 200 day moving average is $11.11. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.29.

Crawford & Company (NYSE:CRD.B) last issued its quarterly earnings data on Monday, May 5th. The business services provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. The firm had revenue of $312.03 million for the quarter, compared to analysts’ expectations of $321.90 million. Crawford & Company had a net margin of 1.55% and a return on equity of 22.34%. As a group, equities research analysts forecast that Crawford & Company will post 0.83 EPS for the current year.

Insider Buying and Selling

In other news, CFO William B. Swain, Jr. sold 9,659 shares of Crawford & Company stock in a transaction on Monday, March 17th. The shares were sold at an average price of $10.85, for a total transaction of $104,800.15. Following the completion of the sale, the chief financial officer now directly owns 319,331 shares of the company’s stock, valued at approximately $3,464,741.35. The trade was a 2.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Tami E. Stevenson sold 4,100 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $11.81, for a total transaction of $48,421.00. Following the completion of the transaction, the senior vice president now owns 35,732 shares in the company, valued at $421,994.92. The trade was a 10.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,759 shares of company stock worth $359,221 over the last ninety days. Company insiders own 51.04% of the company’s stock.

Crawford & Company Company Profile

Crawford & Co engages in the provision of claims management and outsourcing solutions to carriers, brokers, and corporates. It operates through the following segments: Crawford Loss Adjusting, Crawford TPA Solutions, and Crawford Platform Solutions. The Crawford Loss Adjusting segment consists of adjusting services provided to insurance companies and self-insured entities related to property and casualty losses caused by physical damage to commercial and residential real property and certain types of personal property.