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

Crawford & Company (NYSE:CRD.A) shares reached a new 52-week high on Tuesday . The company traded as high as $12.13 and last traded at $12.0910, with a volume of 21146 shares traded. The stock had previously closed at $11.32.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Crawford & Company from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $14.00.

Crawford & Company Stock Performance

The firm’s 50-day moving average price is $11.13 and its 200-day moving average price is $10.66. 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 stock has a market cap of $614.32 million, a P/E ratio of 26.73 and a beta of 0.79.

Crawford & Company (NYSE:CRD.A) last posted its earnings results on Monday, August 3rd. The business services provider reported $0.38 earnings per share for the quarter. Crawford & Company had a net margin of 1.81% and a return on equity of 28.15%. The company had revenue of $321.44 million during 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 that occurred 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 in the company, valued at $1,170,184.80. This trade represents a 10.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Tami E. Stevenson sold 7,062 shares of Crawford & Company stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $9.90, for a total value of $69,913.80. Following the completion of the sale, the senior vice president directly owned 15,186 shares in the company, valued at approximately $150,341.40. The trade was a 31.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 39,062 shares of company stock valued at $397,054. 54.27% of the stock is owned by corporate insiders.

About Crawford & Company

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.