Crawford & Company (NYSE:CRD.B) Sees Strong Trading Volume – What’s Next?

Shares of Crawford & Company (NYSE:CRD.B) saw an uptick in trading volume on Thursday . 53,040 shares traded hands during mid-day trading, an increase of 292% from the previous session’s volume of 13,531 shares.The stock last traded at $12.3090 and had previously closed at $11.29.

Analyst Ratings Changes

Separately, Zacks Research upgraded Crawford & Company from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Crawford & Company Stock Performance

The company has a 50 day simple moving average of $11.44 and a 200-day simple moving average of $10.59. 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 cap of $587.89 million, a P/E ratio of 25.20 and a beta of 0.64.

Crawford & Company (NYSE:CRD.B) last announced its quarterly earnings data on Monday, August 3rd. The business services provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.27 by $0.11. The firm had revenue of $321.44 million for the quarter, compared to analyst estimates of $336.09 million. Crawford & Company had a return on equity of 28.15% and a net margin of 1.81%. On average, equities analysts expect that Crawford & Company will post 1.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Andrew Bart sold 3,305 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $13.36, for a total transaction of $44,154.80. Following the transaction, the executive vice president owned 86,395 shares of the company’s stock, valued at approximately $1,154,237.20. This trade represents a 3.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Jesse C. Crawford sold 1,000,000 shares of the company’s stock in a transaction dated 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 sale, the insider owned 4,447,188 shares of the company’s stock, valued at approximately $56,968,478.28. The trade was a 18.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,020,093 shares of company stock valued at $13,075,773 in the last ninety days. 51.04% of the stock is owned by corporate insiders.

Crawford & Company Company Profile

Crawford & Company is a global provider of independent claims management and related services for the insurance and risk management industries. The company supports insurers, brokers, corporations, and government entities with services that span the claims lifecycle, including loss adjusting, claims administration, third-party administration, and claims management technology.

Its offerings cover property and casualty claims, workers’ compensation, automobile claims, transportation-related losses, specialty claims, and legal settlement services.