Crawford & Company (NYSE:CRD.B) Shares Gap Up Following Analyst Upgrade

Crawford & Company (NYSE:CRD.B)’s share price gapped up before the market opened on Monday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $11.59, but opened at $12.65. Crawford & Company shares last traded at $12.4060, with a volume of 3,100 shares traded.

Insider Buying and Selling at Crawford & Company

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 stock was sold at an average price of $12.81, for a total transaction of $12,810,000.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Andrew John Bart sold 14,005 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $10.32, for a total value of $144,531.60. Following the sale, the executive vice president owned 113,390 shares in the company, valued at approximately $1,170,184.80. This trade represents a 10.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,032,000 shares of company stock valued at $13,137,140 over the last three months. 51.04% of the stock is currently owned by insiders.

Crawford & Company Stock Up 1.5%

The firm’s fifty day simple moving average is $10.55 and its 200 day simple moving average is $10.26. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.82. The company has a market cap of $596.49 million, a price-to-earnings ratio of 25.57 and a beta of 0.60.

Crawford & Company (NYSE:CRD.B) last announced its quarterly earnings data on Monday, August 3rd. The business services provider reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.11. The business had revenue of $321.44 million for the quarter, compared to analyst estimates of $336.09 million. Crawford & Company had a net margin of 1.81% and a return on equity of 28.15%. Sell-side analysts predict that Crawford & Company will post 1.05 earnings per share for the current year.

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.