Crawford & Company (NYSE:CRD.B) Shares Gap Down – Time to Sell?

Crawford & Company (NYSE:CRD.B)’s share price gapped down prior to trading on Wednesday. The stock had previously closed at $12.19, but opened at $11.01. Crawford & Company shares last traded at $11.0950, with a volume of 5,159 shares.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Crawford & Company from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, the stock currently has an average rating of “Hold”.

Crawford & Company Trading Down 2.0%

The firm has a market capitalization of $540.88 million, a price-to-earnings ratio of 20.61 and a beta of 0.69. The company has a current ratio of 1.17, a quick ratio of 1.19 and a debt-to-equity ratio of 0.82. The company has a fifty day moving average price of $11.91 and a 200-day moving average price of $10.78.

Crawford & Company (NYSE:CRD.B) last released its quarterly earnings data on Monday, November 2nd. The business services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.07. The firm had revenue of $321.63 million for the quarter, compared to the consensus estimate of $325.39 million. Crawford & Company had a return on equity of 29.17% and a net margin of 2.01%. On average, equities research analysts predict that Crawford & Company will post 1.05 EPS for the current year.

Insider Activity at Crawford & Company

In other Crawford & Company news, major shareholder Jesse C. Crawford sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were 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 directly owned 4,447,188 shares of the company’s stock, valued at $56,968,478.28. The trade was a 18.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Andrew Bart sold 3,305 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $13.36, for a total transaction of $44,154.80. Following the transaction, the executive vice president owned 86,395 shares in the company, valued at approximately $1,154,237.20. This trade represents a 3.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,020,093 shares of company stock valued at $13,075,773 over the last three months. Insiders own 51.04% of the company’s stock.

Crawford & Company Company Profile

Crawford & Company (NYSE: CRD.B) is a global provider of claims management and related outsourcing services for the insurance industry. The company works with insurers, brokers, corporations and government entities to manage property and casualty claims throughout the claims life cycle.

Its services include loss adjusting, claims administration, catastrophe response, third-party claims management, workers’ compensation services, medical management and related consulting and technology solutions.