CorVel (NASDAQ:CRVL) Director Sells $281,891.61 in Stock

CorVel Corp. (NASDAQ:CRVL) Director R. Jessup sold 4,023 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $70.07, for a total value of $281,891.61. Following the transaction, the director owned 111,798 shares of the company’s stock, valued at approximately $7,833,685.86. The trade was a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

R Judd Jessup also recently made the following trade(s):

• On Thursday, August 27th, R. Jessup sold 1,262 shares of CorVel stock. The shares were sold at an average price of $70.64, for a total value of $89,147.68.
• On Wednesday, August 26th, R. Jessup sold 1,562 shares of CorVel stock. The stock was sold at an average price of $70.71, for a total value of $110,449.02.

CorVel Stock Down 0.7%

NASDAQ:CRVL opened at $68.23 on Friday. The company has a market cap of $3.48 billion, a P/E ratio of 30.32 and a beta of 0.97. CorVel Corp. has a twelve month low of $44.83 and a twelve month high of $93.45. The business has a 50 day moving average price of $64.25 and a two-hundred day moving average price of $58.99.

CorVel (NASDAQ:CRVL) last posted its quarterly earnings data on Tuesday, August 4th. The business services provider reported $0.63 earnings per share (EPS) for the quarter. The company had revenue of $259.93 million for the quarter. CorVel had a net margin of 11.72% and a return on equity of 29.92%.

Institutional Investors Weigh In On CorVel

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in CorVel during the second quarter worth $321,316,000. California State Teachers Retirement System lifted its stake in CorVel by 7,962.8% in the second quarter. California State Teachers Retirement System now owns 2,350,314 shares of the business services provider’s stock valued at $146,942,000 after acquiring an additional 2,321,164 shares during the last quarter. State Street Corp lifted its stake in CorVel by 2.7% in the fourth quarter. State Street Corp now owns 1,179,572 shares of the business services provider’s stock valued at $79,822,000 after acquiring an additional 30,987 shares during the last quarter. Geode Capital Management LLC lifted its stake in CorVel by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 927,845 shares of the business services provider’s stock valued at $62,796,000 after acquiring an additional 28,666 shares during the last quarter. Finally, Norges Bank bought a new position in shares of CorVel in the 4th quarter valued at about $29,250,000. Institutional investors and hedge funds own 51.36% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CRVL. Weiss Ratings raised shares of CorVel from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Wall Street Zen upgraded CorVel from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

CorVel Company 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).