Crawford & Company (NYSE:CRD.B) Stock Breaks Above 200 Day Moving Average – Here’s Why

Crawford & Company (NYSE:CRD.B) shares passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $10.68 and traded as high as $12.06. Crawford & Company shares last traded at $11.7810, with a volume of 9,005 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research raised 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 MarketBeat.com, Crawford & Company has a consensus rating of “Strong Buy”.

Crawford & Company Stock Performance

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 company has a market cap of $582.45 million, a PE ratio of 24.97 and a beta of 0.64. The business’s 50-day moving average is $11.72 and its 200 day moving average is $10.69.

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

Insider Activity at Crawford & Company

In other news, major shareholder Jesse C. Crawford sold 1,000,000 shares of the stock in a transaction that occurred 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 sale, the insider owned 4,447,188 shares of the company’s stock, valued at approximately $56,968,478.28. This represents a 18.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew Bart sold 3,305 shares of Crawford & Company stock in a transaction 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 transaction, the executive vice president directly owned 86,395 shares in the company, valued at approximately $1,154,237.20. The trade was a 3.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,020,093 shares of company stock valued at $13,075,773 in the last quarter. Corporate insiders own 51.04% of the company’s stock.

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.