Crawford & Company (NYSE:CRD.B) Sets New 1-Year High – Here’s Why

Crawford & Company (NYSE:CRD.B) shares reached a new 52-week high on Monday . The company traded as high as $12.70 and last traded at $12.8680, with a volume of 10318 shares trading hands. The stock had previously closed at $12.47.

Wall Street Analysts Forecast Growth

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

Crawford & Company Price Performance

The firm has a 50 day moving average of $10.68 and a 200-day moving average of $10.30. The company has a market cap of $634.85 million, a P/E ratio of 27.21 and a beta of 0.60. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.82.

Crawford & Company (NYSE:CRD.B) last posted its quarterly earnings results on Monday, August 3rd. The business services provider reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11. Crawford & Company had a return on equity of 28.15% and a net margin of 1.81%.The company had revenue of $321.44 million for the quarter, compared to analysts’ expectations of $336.09 million. On average, equities research analysts predict that Crawford & Company will post 1.05 EPS for the current year.

Insider Activity at Crawford & Company

In related news, major shareholder Jesse C. Crawford sold 1,000,000 shares of the company’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 completion of the transaction, the insider owned 4,447,188 shares in the company, valued at approximately $56,968,478.28. This represents a 18.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Andrew John Bart sold 14,005 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $10.32, for a total transaction of $144,531.60. Following the transaction, the executive vice president directly owned 113,390 shares of the company’s stock, valued at $1,170,184.80. The trade was a 10.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,024,000 shares of company stock worth $13,056,260. Company insiders own 51.04% of the company’s stock.

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.