Crawford & Company (NYSE:CRD.B) Sees Large Volume Increase – Should You Buy?

Crawford & Company (NYSE:CRD.B) shares saw unusually-high trading volume on Monday . 18,761 shares changed hands during trading, an increase of 40% from the previous session’s volume of 13,363 shares.The stock last traded at $12.3790 and had previously closed at $12.24.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Crawford & Company from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Crawford & Company Price Performance

The stock has a market capitalization of $583.56 million, a price-to-earnings ratio of 25.01 and a beta of 0.60. The company’s 50-day simple moving average is $10.93 and its 200-day simple moving average is $10.39. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.19 and a quick ratio of 1.19.

Crawford & Company (NYSE:CRD.B) last posted its earnings results on Monday, August 3rd. The business services provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.27 by $0.11. The company had revenue of $321.44 million for the quarter, compared to the consensus estimate of $336.09 million. Crawford & Company had a return on equity of 28.15% and a net margin of 1.81%. Research analysts forecast that Crawford & Company will post 1.05 earnings per share for the current fiscal year.

Insider Buying and Selling at Crawford & Company

In other news, EVP Andrew John Bart sold 10,118 shares of Crawford & Company stock in a transaction on Friday, August 14th. The stock was sold at an average price of $13.17, for a total transaction of $133,254.06. Following the completion of the sale, the executive vice president owned 101,277 shares of the company’s stock, valued at approximately $1,333,818.09. This trade represents a 9.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Jesse C. Crawford sold 1,000,000 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $12.81, for a total transaction 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 approximately $56,968,478.28. The trade was a 18.36% decrease in their position. 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 quarter. Company insiders own 51.04% of the company’s stock.

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.