Vanguard Group Inc. Raises Holdings in CorVel Corp. $CRVL

Vanguard Group Inc. increased its position in shares of CorVel Corp. (NASDAQ:CRVL) by 1.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,287,788 shares of the business services provider’s stock after buying an additional 45,071 shares during the quarter. Vanguard Group Inc. owned approximately 0.06% of CorVel worth $254,541,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in CorVel by 0.7% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,961 shares of the business services provider’s stock valued at $1,640,000 after purchasing an additional 115 shares during the period. The Manufacturers Life Insurance Company increased its holdings in CorVel by 0.9% in the second quarter. The Manufacturers Life Insurance Company now owns 15,918 shares of the business services provider’s stock valued at $1,636,000 after buying an additional 139 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of CorVel by 1.7% in the 3rd quarter. Arizona State Retirement System now owns 9,113 shares of the business services provider’s stock valued at $706,000 after buying an additional 155 shares in the last quarter. Atria Investments Inc raised its stake in CorVel by 1.3% during the 2nd quarter. Atria Investments Inc now owns 14,646 shares of the business services provider’s stock worth $1,505,000 after acquiring an additional 186 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in CorVel by 3.0% during the 2nd quarter. ProShare Advisors LLC now owns 6,466 shares of the business services provider’s stock worth $665,000 after buying an additional 189 shares during the last quarter. Institutional investors and hedge funds own 51.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Wall Street Zen downgraded shares of CorVel from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of CorVel in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

CorVel Trading Down 0.7%

Shares of NASDAQ CRVL opened at $51.58 on Friday. The stock has a fifty day moving average price of $61.44 and a 200 day moving average price of $72.02. The company has a market cap of $2.64 billion, a P/E ratio of 25.28 and a beta of 1.06. CorVel Corp. has a 12-month low of $44.83 and a 12-month high of $119.57.

CorVel (NASDAQ:CRVL) last issued its quarterly earnings data on Tuesday, February 3rd. The business services provider reported $0.47 earnings per share (EPS) for the quarter. The company had revenue of $235.63 million during the quarter. CorVel had a net margin of 11.23% and a return on equity of 30.15%.

CorVel Profile

CorVel Corporation (NASDAQ: CRVL) is a technology-driven provider of workers’ compensation, liability, and specialty risk management solutions. The company develops and deploys software and data analytics tools to streamline claims administration, medical cost containment, prescription drug management, and provider network access. CorVel’s integrated platform connects employers, insurers, healthcare providers, and injured workers, aiming to improve outcomes and control costs through process automation and real-time decision support.

The company’s product suite includes claims lifecycle management, bill review and negotiation, virtual care and telehealth services, pharmacy benefit management, and independent medical examinations (IMEs).