Crawford & Company (NYSE:CRD.A) Shares Gap Up – What’s Next?

Shares of Crawford & Company (NYSE:CRD.A) gapped up prior to trading on Thursday . The stock had previously closed at $10.81, but opened at $11.36. Crawford & Company shares last traded at $11.1660, with a volume of 3,798 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CRD.A shares. Barrington Research reiterated an “outperform” rating and set a $14.00 price objective on shares of Crawford & Company in a research note on Monday, March 9th. 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 equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Crawford & Company currently has an average rating of “Buy” and a consensus target price of $14.00.

Crawford & Company Trading Up 0.9%

The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.86. The stock’s 50 day moving average price is $10.48 and its 200-day moving average price is $10.66. The stock has a market capitalization of $552.47 million, a P/E ratio of 31.49 and a beta of 0.81.

Crawford & Company (NYSE:CRD.A) last released its quarterly earnings data on Monday, May 4th. The business services provider reported $0.16 earnings per share (EPS) for the quarter. Crawford & Company had a net margin of 1.37% and a return on equity of 24.21%. The firm had revenue of $320.13 million for the quarter.

Insider Buying and Selling

In related news, SVP Tami E. Stevenson sold 7,062 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $9.90, for a total transaction of $69,913.80. Following the completion of the sale, the senior vice president owned 15,186 shares of the company’s stock, valued at $150,341.40. This represents a 31.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Andrew John Bart sold 14,005 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $10.32, for a total transaction of $144,531.60. Following the sale, the executive vice president directly owned 113,390 shares of the company’s stock, valued at $1,170,184.80. The trade was a 10.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 58,282 shares of company stock valued at $578,875 in the last three months. 54.27% of the stock is currently owned by corporate 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.