Crawford & Company (NYSE:CRD.B) Sees Large Volume Increase – Still a Buy?

Crawford & Company (NYSE:CRD.B) saw an uptick in trading volume on Thursday . 5,617 shares changed hands during mid-day trading, an increase of 28% from the previous session’s volume of 4,386 shares.The stock last traded at $10.77 and had previously closed at $10.45.

Crawford & Company Trading Down 0.8%

The firm has a 50 day simple moving average of $10.55 and a 200 day simple moving average of $10.30. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $526.05 million, a PE ratio of 16.45 and a beta of 0.72.

Insiders Place Their Bets

In related news, CEO Rohit Verma sold 125,414 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $11.00, for a total value of $1,379,554.00. Following the sale, the chief executive officer owned 205,084 shares in the company, valued at approximately $2,255,924. This trade represents a 37.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 51.04% of the stock is currently owned by company insiders.

About Crawford & Company

Crawford & Company (NYSE: CRD.B) is an independent provider of claims management and risk solutions to insurance carriers and self-insured entities worldwide. The company’s services span property and casualty claims adjusting, third-party administration, managed repair, catastrophe response, and risk consulting. Through its network of professionals, Crawford & Company assists clients in streamlining claims processes, controlling costs, and improving customer satisfaction across diverse lines of business.

Founded in 1941 by James O.