CorVel Co. (NASDAQ:CRVL) major shareholder Corstar Holdings Inc sold 3,133 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $60.42, for a total value of $189,295.86. Following the completion of the transaction, the insider now owns 7,083,350 shares of the company’s stock, valued at $427,976,007. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Corstar Holdings Inc also recently made the following trade(s):

  • On Friday, September 21st, Corstar Holdings Inc sold 100 shares of CorVel stock. The stock was sold at an average price of $60.10, for a total value of $6,010.00.
  • On Wednesday, September 19th, Corstar Holdings Inc sold 3,452 shares of CorVel stock. The shares were sold at an average price of $60.37, for a total value of $208,397.24.
  • On Thursday, September 13th, Corstar Holdings Inc sold 801 shares of CorVel stock. The shares were sold at an average price of $60.14, for a total value of $48,172.14.
  • On Monday, September 17th, Corstar Holdings Inc sold 6,654 shares of CorVel stock. The shares were sold at an average price of $60.18, for a total value of $400,437.72.
  • On Thursday, September 6th, Corstar Holdings Inc sold 3,059 shares of CorVel stock. The shares were sold at an average price of $59.65, for a total value of $182,469.35.
  • On Friday, August 31st, Corstar Holdings Inc sold 2,634 shares of CorVel stock. The shares were sold at an average price of $59.09, for a total value of $155,643.06.
  • On Tuesday, September 4th, Corstar Holdings Inc sold 8,958 shares of CorVel stock. The shares were sold at an average price of $59.12, for a total value of $529,596.96.
  • On Monday, August 27th, Corstar Holdings Inc sold 3,985 shares of CorVel stock. The shares were sold at an average price of $60.20, for a total value of $239,897.00.
  • On Wednesday, August 29th, Corstar Holdings Inc sold 8,049 shares of CorVel stock. The shares were sold at an average price of $60.18, for a total value of $484,388.82.
  • On Friday, August 24th, Corstar Holdings Inc sold 4,741 shares of CorVel stock. The shares were sold at an average price of $60.30, for a total value of $285,882.30.

NASDAQ CRVL opened at $60.15 on Wednesday. The company has a market cap of $1.14 billion, a PE ratio of 29.85 and a beta of 0.65. CorVel Co. has a one year low of $46.45 and a one year high of $61.20.

CorVel (NASDAQ:CRVL) last posted its earnings results on Tuesday, July 31st. The business services provider reported $0.62 EPS for the quarter. The firm had revenue of $150.40 million during the quarter. CorVel had a return on equity of 23.42% and a net margin of 6.78%.

Separately, BidaskClub upgraded CorVel from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 7th.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Legal & General Group Plc lifted its position in CorVel by 4.7% in the second quarter. Legal & General Group Plc now owns 21,784 shares of the business services provider’s stock worth $1,173,000 after buying an additional 979 shares during the last quarter. SG Americas Securities LLC lifted its position in CorVel by 66.0% in the second quarter. SG Americas Securities LLC now owns 3,446 shares of the business services provider’s stock worth $186,000 after buying an additional 1,370 shares during the last quarter. Raymond James & Associates lifted its position in CorVel by 17.4% in the second quarter. Raymond James & Associates now owns 13,495 shares of the business services provider’s stock worth $729,000 after buying an additional 2,002 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in CorVel by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 791,983 shares of the business services provider’s stock worth $40,035,000 after buying an additional 2,156 shares during the last quarter. Finally, Piedmont Investment Advisors LLC bought a new stake in CorVel in the second quarter worth $121,000. Institutional investors own 44.78% of the company’s stock.

CorVel Company Profile

CorVel Corporation provides medical cost containment and managed care services to address the medical costs of workers' compensation benefits, automobile insurance claims, and group health insurance benefits. The company offers network solutions, including automated medical fee auditing, preferred provider management and reimbursement services, retrospective utilization review, facility claim review, professional review, pharmacy services, directed care services, medicare solutions, clearinghouse services, independent medical examinations, and inpatient medical bill review.

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Insider Buying and Selling by Quarter for CorVel (NASDAQ:CRVL)

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