Crawford & Company (NYSE:CRD.B) Reaches New 12-Month High – What’s Next?

Crawford & Company (NYSE:CRD.B) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $11.79 and last traded at $11.71, with a volume of 2740 shares changing hands. The stock had previously closed at $11.38.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Crawford & Company from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Crawford & Company has a consensus rating of “Hold”.

Crawford & Company Stock Up 2.2%

The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $566.85 million, a price-to-earnings ratio of 32.31 and a beta of 0.60. The firm’s 50-day simple moving average is $10.37 and its two-hundred day simple moving average is $10.21.

Crawford & Company (NYSE:CRD.B) last announced its earnings results on Monday, August 3rd. The business services provider reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11. Crawford & Company had a net margin of 1.81% and a return on equity of 28.44%. The company had revenue of $321.44 million for the quarter, compared to analyst estimates of $336.09 million. On average, sell-side analysts expect that Crawford & Company will post 0.92 EPS for the current fiscal year.

Insider Activity at Crawford & Company

In related news, EVP Andrew John Bart sold 14,005 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $10.32, for a total value 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. The trade was a 10.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Tami E. Stevenson sold 19,220 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $9.46, for a total value of $181,821.20. Following the transaction, the senior vice president directly owned 22,248 shares in the company, valued at approximately $210,466.08. This represents a 46.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 58,282 shares of company stock valued at $578,875 in the last 90 days. 51.04% of the stock is currently owned by corporate insiders.

Crawford & Company Company Profile

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.