Insider Selling: Crawford & Company (NYSE:CRD.A) Major Shareholder Sells 1,000,000 Shares

Crawford & Company (NYSE:CRD.A) major shareholder Jesse Crawford sold 1,000,000 shares of the business’s stock in a transaction on 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 owned 4,447,188 shares in the company, valued at $56,968,478.28. This represents a 18.36% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Crawford & Company Price Performance

Shares of NYSE:CRD.A traded down $0.01 during trading on Tuesday, reaching $13.20. The stock had a trading volume of 47,610 shares, compared to its average volume of 59,145. 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 $11.29 and its 200 day moving average price is $10.71. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market capitalization of $641.75 million, a PE ratio of 28.09 and a beta of 0.79.

Crawford & Company (NYSE:CRD.A) last announced its earnings results on Monday, August 3rd. The business services provider reported $0.38 earnings per share for the quarter. Crawford & Company had a return on equity of 28.15% and a net margin of 1.81%.The company had revenue of $321.44 million during the quarter.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Crawford & Company from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $14.00.

About Crawford & Company

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.