Crawford & Company (NYSE:CRD.A) Upgraded to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Crawford & Company (NYSE:CRD.A) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday.

Crawford & Company Stock Up 6.5%

Shares of NYSE CRD.A opened at $13.70 on Friday. Crawford & Company has a 12-month low of $8.77 and a 12-month high of $13.79. The company has a market capitalization of $666.05 million, a PE ratio of 29.15 and a beta of 0.79. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.19 and a quick ratio of 1.14. The firm’s 50-day moving average is $11.24 and its two-hundred day moving average is $10.70.

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

Insider Buying and Selling

In other Crawford & Company news, EVP Andrew John Bart sold 14,005 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $10.32, for a total transaction of $144,531.60. Following the completion of the transaction, the executive vice president owned 113,390 shares of the company’s stock, valued at approximately $1,170,184.80. This trade represents a 10.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders sold 32,000 shares of company stock worth $327,140. 54.27% of the stock is currently owned by corporate insiders.

Crawford & Company Company Profile

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.