Crawford & Company (NYSE:CRD.A) Shares Down 5.5% – Here’s What Happened

Shares of Crawford & Company (NYSE:CRD.A) dropped 5.5% on Tuesday. The company traded as low as $11.71 and last traded at $11.7550. Approximately 21,105 shares traded hands during trading, a decline of 64% from the average session volume of 59,436 shares. The stock had previously closed at $12.44.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Crawford & Company from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, Crawford & Company presently has a consensus rating of “Buy” and a consensus price target of $14.00.

Crawford & Company Price Performance

The company has a market cap of $567.23 million, a price-to-earnings ratio of 24.83 and a beta of 0.80. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.82. The company’s fifty day moving average price is $12.67 and its two-hundred day moving average price is $11.32.

Crawford & Company (NYSE:CRD.A) last posted its quarterly earnings data on Monday, November 2nd. The business services provider reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $329.91 million during the quarter. Crawford & Company had a return on equity of 28.15% and a net margin of 1.81%.

Insider Buying and Selling

In other news, major shareholder Jesse C. Crawford sold 1,000,000 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $12.81, for a total transaction of $12,810,000.00. Following the sale, the insider directly owned 4,447,188 shares of the company’s stock, valued at approximately $56,968,478.28. This represents a 18.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew Bart sold 10,118 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $13.17, for a total transaction of $133,254.06. Following the completion of the transaction, the executive vice president directly owned 101,277 shares in the company, valued at approximately $1,333,818.09. This represents a 9.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,020,093 shares of company stock worth $13,075,773. 54.27% of the stock is owned by corporate insiders.

About Crawford & Company

Crawford & Company is a global provider of claims management and related services for the insurance industry, corporations and government entities. The company helps clients manage property and casualty claims from initial assessment through resolution, with services that include loss adjusting, claims administration, catastrophe response, appraisal, subrogation and settlement support.

Through its Broadspire operations, Crawford also provides third-party administration and specialized workers’ compensation, disability and liability claims services.