United Services Automobile Association raised its holdings in CorVel Co. (NASDAQ:CRVL) by 1.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 122,709 shares of the business services provider’s stock after acquiring an additional 1,260 shares during the quarter. United Services Automobile Association’s holdings in CorVel were worth $7,574,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in CRVL. Matarin Capital Management LLC bought a new position in CorVel in the 3rd quarter valued at $3,739,000. First Trust Advisors LP grew its position in shares of CorVel by 78.0% during the 3rd quarter. First Trust Advisors LP now owns 54,626 shares of the business services provider’s stock worth $3,291,000 after buying an additional 23,938 shares in the last quarter. Vanguard Group Inc grew its position in shares of CorVel by 2.3% during the 3rd quarter. Vanguard Group Inc now owns 994,950 shares of the business services provider’s stock worth $59,945,000 after buying an additional 22,448 shares in the last quarter. Vanguard Group Inc. grew its position in shares of CorVel by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 994,950 shares of the business services provider’s stock worth $59,945,000 after buying an additional 22,448 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of CorVel by 1.4% during the 4th quarter. BlackRock Inc. now owns 1,437,286 shares of the business services provider’s stock worth $88,710,000 after buying an additional 19,211 shares in the last quarter. 46.66% of the stock is currently owned by institutional investors.

In other news, Chairman V Gordon Clemons sold 2,000 shares of the stock in a transaction on Wednesday, December 19th. The stock was sold at an average price of $62.56, for a total transaction of $125,120.00. Following the transaction, the chairman now owns 1,886,790 shares of the company’s stock, valued at approximately $118,037,582.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Corstar Holdings Inc sold 16,035 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $65.86, for a total value of $1,056,065.10. Following the transaction, the insider now directly owns 6,920,602 shares in the company, valued at approximately $455,790,847.72. The disclosure for this sale can be found here. Insiders have sold a total of 93,629 shares of company stock worth $6,025,057 in the last three months. Corporate insiders own 51.40% of the company’s stock.

CRVL opened at $65.23 on Friday. CorVel Co. has a 12-month low of $48.25 and a 12-month high of $70.73. The firm has a market cap of $1.22 billion, a PE ratio of 28.21 and a beta of 0.69.

CorVel (NASDAQ:CRVL) last posted its quarterly earnings results on Tuesday, February 5th. The business services provider reported $0.54 earnings per share (EPS) 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 for the quarter.

Separately, BidaskClub raised CorVel from a “hold” rating to a “buy” rating in a research report on Thursday, February 14th.

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About CorVel

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.

Further Reading: Sell-Side Analysts

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Institutional Ownership by Quarter for CorVel (NASDAQ:CRVL)

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