Crawford & Company (NYSE:CRD.A) Sets New 52-Week High – Should You Buy?
by Sarita Garza · The Markets DailyCrawford & Company (NYSE:CRD.A – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $13.90 and last traded at $13.7710, with a volume of 57382 shares traded. The stock had previously closed at $13.29.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised Crawford & Company from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $14.00.
Read Our Latest Analysis on CRD.A
Crawford & Company Trading Up 1.4%
The firm has a market capitalization of $655.26 million, a P/E ratio of 28.68 and a beta of 0.79. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.82. The company’s fifty day moving average is $11.48 and its 200-day moving average is $10.78.
Crawford & Company (NYSE:CRD.A – Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The business services provider reported $0.38 earnings per share (EPS) for the quarter. The company had revenue of $321.44 million during the quarter. Crawford & Company had a net margin of 1.81% and a return on equity of 28.15%.
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 value of $12,810,000.00. Following the completion of the sale, the insider directly 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 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 stock was sold at an average price of $10.32, for a total transaction of $144,531.60. Following the completion of the sale, the executive vice president owned 113,390 shares in the company, valued at approximately $1,170,184.80. The trade was a 10.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,024,000 shares of company stock worth $13,056,260. Company insiders own 54.27% of the company’s stock.
About Crawford & Company
Crawford & Company provides claims management and outsourcing solutions to the risk management and insurance industry, and self-insured entities. The company's Crawford Claims Solutions segment offers claims management services related to property, casualty, and catastrophe losses caused by physical damage to commercial and residential real properties, and personal properties, as well as marine losses. It also offers services in the areas of field investigation, catastrophe, evaluation, and resolution of property and casualty insurance claims; and various on-demand inspection, verification, and other task specific field services for businesses and consumers through a mobile platform.