CorVel Co. (NASDAQ:CRVL) major shareholder Corstar Holdings Inc sold 2,954 shares of CorVel stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $65.12, for a total value of $192,364.48. Following the sale, the insider now owns 6,920,602 shares in the company, valued at $450,669,602.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Thursday, March 14th, Corstar Holdings Inc sold 16,035 shares of CorVel stock. The stock was sold at an average price of $65.86, for a total value of $1,056,065.10.
  • On Thursday, February 14th, Corstar Holdings Inc sold 27,513 shares of CorVel stock. The stock was sold at an average price of $65.70, for a total value of $1,807,604.10.
  • On Friday, January 25th, Corstar Holdings Inc sold 484 shares of CorVel stock. The stock was sold at an average price of $65.04, for a total value of $31,479.36.
  • On Friday, January 18th, Corstar Holdings Inc sold 100 shares of CorVel stock. The stock was sold at an average price of $65.00, for a total value of $6,500.00.

Shares of NASDAQ CRVL opened at $65.23 on Friday. CorVel Co. has a twelve month low of $48.25 and a twelve month high of $70.73. The company has a market capitalization of $1.22 billion, a PE ratio of 28.21 and a beta of 0.69.

CorVel (NASDAQ:CRVL) last issued its quarterly earnings results on Tuesday, February 5th. The business services provider reported $0.54 earnings per share for the quarter. CorVel had a return on equity of 23.84% and a net margin of 7.45%. The business had revenue of $146.08 million during the quarter.

Several hedge funds and other institutional investors have recently modified their holdings of CRVL. Norges Bank bought a new stake in shares of CorVel in the 4th quarter valued at approximately $22,298,000. Matarin Capital Management LLC bought a new stake in shares of CorVel in the 3rd quarter valued at approximately $3,739,000. Millennium Management LLC increased its holdings in shares of CorVel by 380.9% in the 4th quarter. Millennium Management LLC now owns 48,418 shares of the business services provider’s stock valued at $2,988,000 after acquiring an additional 38,349 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of CorVel by 78.0% in the 3rd quarter. First Trust Advisors LP now owns 54,626 shares of the business services provider’s stock valued at $3,291,000 after acquiring an additional 23,938 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of CorVel by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 994,950 shares of the business services provider’s stock valued at $59,945,000 after acquiring an additional 22,448 shares during the last quarter. Institutional investors and hedge funds own 46.66% of the company’s stock.

Separately, BidaskClub downgraded CorVel from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th.

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CorVel Company Profile

CorVel Corporation provides workers' compensation solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. It applies technology, intelligence, and a human touch to the risk management process that enables its clients to intervene early and connected to the critical intelligence they need to proactively manage risk.

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

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