Crawford & Company (NYSE:CRD.A) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Crawford & Company (NYSE:CRD.A) shares crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $11.23 and traded as high as $12.62. Crawford & Company shares last traded at $12.51, with a volume of 92,313 shares changing hands.

Wall Street Analysts Forecast Growth

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

Crawford & Company Stock Up 0.6%

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 stock has a market cap of $608.11 million, a PE ratio of 26.62 and a beta of 0.83. The business has a 50 day moving average price of $12.49 and a 200 day moving average price of $11.23.

Crawford & Company (NYSE:CRD.A) last announced its quarterly earnings results 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 company had revenue of $321.44 million during the quarter.

Insider Buying and Selling

In related news, major shareholder Jesse C. Crawford sold 1,000,000 shares of the business’s stock in a transaction 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 transaction, the insider directly owned 4,447,188 shares in the company, valued at $56,968,478.28. The trade was a 18.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 sale, the executive vice president directly owned 86,395 shares in the company, valued at $1,154,237.20. This trade represents a 3.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,020,093 shares of company stock worth $13,075,773 in the last ninety days. Corporate insiders own 54.27% of the company’s stock.

About Crawford & Company

Crawford & Company is a global provider of claims management and related services for the insurance market. The company works with insurance carriers, brokers, corporations and other self-insured organizations to manage claims throughout the claims life cycle, including loss assessment, investigation, adjustment, administration and resolution.

Its services include property and casualty claims adjusting, workers’ compensation and liability claims management, third-party administration, catastrophe response, medical management and claims consulting.