Insider Selling: Crawford & Company (NYSE:CRD.B) SVP Sells $69,913.80 in Stock

Crawford & Company (NYSE:CRD.B) SVP Tami Stevenson sold 7,062 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $9.90, for a total transaction of $69,913.80. Following the completion of the sale, the senior vice president owned 15,186 shares in the company, valued at $150,341.40. This represents a 31.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Crawford & Company Trading Up 2.6%

Shares of CRD.B stock opened at $9.75 on Thursday. Crawford & Company has a 12-month low of $8.76 and a 12-month high of $11.68. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.86. The firm’s 50 day moving average is $9.97 and its 200 day moving average is $10.29. The stock has a market capitalization of $475.22 million, a P/E ratio of 27.08 and a beta of 0.62.

Crawford & Company (NYSE:CRD.B) last issued its earnings results on Monday, May 4th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.04). Crawford & Company had a return on equity of 24.21% and a net margin of 1.37%.The company had revenue of $309.52 million during the quarter, compared to analysts’ expectations of $303.20 million. Research analysts expect that Crawford & Company will post 0.92 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Crawford & Company from a “hold” rating to a “strong sell” rating in a research report on Monday, March 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

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.