Crawford & Company (NYSE:CRD.B) Shares Down 5.3% – Here’s Why

Crawford & Company (NYSE:CRD.B)’s share price fell 5.3% during trading on Friday . The stock traded as low as $12.31 and last traded at $12.4020. 18,318 shares traded hands during mid-day trading, an increase of 11% from the average session volume of 16,433 shares. The stock had previously closed at $13.10.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Crawford & Company from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Crawford & Company Stock Performance

The stock has a fifty day simple moving average of $11.41 and a two-hundred day simple moving average of $10.58. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $580.70 million, a price-to-earnings ratio of 24.89 and a beta of 0.64.

Crawford & Company (NYSE:CRD.B) last announced 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 analyst estimates of $336.09 million. Crawford & Company had a return on equity of 28.15% and a net margin of 1.81%. 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 Bart sold 3,305 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 86,395 shares in the company, valued at $1,154,237.20. The trade was a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction of $12,810,000.00. Following the sale, the insider owned 4,447,188 shares of the company’s stock, valued at $56,968,478.28. This trade represents a 18.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,020,093 shares of company stock valued at $13,075,773 in the last quarter. 51.04% of the stock is currently owned by company insiders.

Crawford & Company Company Profile

Crawford & Company is a global provider of independent claims management and related services for the insurance and risk management industries. The company supports insurers, brokers, corporations, and government entities with services that span the claims lifecycle, including loss adjusting, claims administration, third-party administration, and claims management technology.

Its offerings cover property and casualty claims, workers’ compensation, automobile claims, transportation-related losses, specialty claims, and legal settlement services.