Crawford & Company (NYSE:CRD.A) Hits New 52-Week High – Here’s What Happened

Crawford & Company (NYSE:CRD.A) hit a new 52-week high on Monday . The stock traded as high as $13.90 and last traded at $13.7710, with a volume of 57382 shares. The stock had previously closed at $13.29.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Crawford & Company from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $14.00.

Crawford & Company Stock Performance

The business has a 50-day moving average price of $11.57 and a 200-day moving average price of $10.82. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $629.06 million, a price-to-earnings ratio of 27.53 and a beta of 0.79.

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

Insider Transactions at Crawford & Company

In other Crawford & Company news, major shareholder Jesse C. Crawford sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $12.81, for a total value of $12,810,000.00. Following the completion of the sale, the insider owned 4,447,188 shares of the company’s stock, valued at approximately $56,968,478.28. This trade represents a 18.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew John Bart sold 3,505 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $13.45, for a total value of $47,142.25. Following the sale, the executive vice president owned 97,772 shares in the company, valued at $1,315,033.40. The trade was a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,029,623 shares of company stock valued at $13,155,616. 54.27% of the stock is currently owned by company 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.