CorVel Co. (NASDAQ:CRVL) major shareholder Corstar Holdings Inc sold 16,035 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $65.86, for a total value of $1,056,065.10. Following the completion of the sale, the insider now directly owns 6,920,602 shares of the company’s stock, valued at approximately $455,790,847.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Corstar Holdings Inc also recently made the following trade(s):

  • On Tuesday, March 12th, Corstar Holdings Inc sold 2,954 shares of CorVel stock. The shares were sold at an average price of $65.12, for a total value of $192,364.48.
  • On Thursday, February 14th, Corstar Holdings Inc sold 27,513 shares of CorVel stock. The shares were sold at an average price of $65.70, for a total value of $1,807,604.10.
  • On Friday, January 25th, Corstar Holdings Inc sold 484 shares of CorVel stock. The shares were sold at an average price of $65.04, for a total value of $31,479.36.
  • On Friday, January 18th, Corstar Holdings Inc sold 100 shares of CorVel stock. The shares were sold at an average price of $65.00, for a total value of $6,500.00.

CorVel stock opened at $65.23 on Friday. CorVel Co. has a one year low of $48.25 and a one year high of $70.73. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 28.21 and a beta of 0.69.

CorVel (NASDAQ:CRVL) last released its earnings results on Tuesday, February 5th. The business services provider reported $0.54 EPS for the quarter. CorVel had a return on equity of 23.84% and a net margin of 7.45%. The company had revenue of $146.08 million during the quarter.

Several hedge funds have recently made changes to their positions in the company. American Century Companies Inc. purchased a new position in shares of CorVel in the fourth quarter valued at $649,000. Geode Capital Management LLC increased its position in shares of CorVel by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 201,033 shares of the business services provider’s stock valued at $12,407,000 after buying an additional 17,264 shares in the last quarter. Norges Bank purchased a new position in shares of CorVel in the fourth quarter valued at $22,298,000. FMR LLC increased its position in shares of CorVel by 7.3% in the fourth quarter. FMR LLC now owns 27,982 shares of the business services provider’s stock valued at $1,727,000 after buying an additional 1,900 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of CorVel by 380.9% in the fourth quarter. Millennium Management LLC now owns 48,418 shares of the business services provider’s stock valued at $2,988,000 after buying an additional 38,349 shares in the last quarter. Institutional investors and hedge funds own 46.66% of the company’s stock.

Separately, BidaskClub raised CorVel from a “hold” rating to a “buy” rating in a report on Thursday, February 14th.

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CorVel Company Profile

CorVel Corporation provides workers' compensation solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. It applies technology, intelligence, and a human touch to the risk management process that enables its clients to intervene early and connected to the critical intelligence they need to proactively manage risk.

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Insider Buying and Selling by Quarter for CorVel (NASDAQ:CRVL)

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