CorVel Co. (NASDAQ:CRVL) major shareholder Corstar Holdings Inc sold 6,569 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $74.26, for a total value of $487,813.94. Following the completion of the sale, the insider now owns 6,750,713 shares of the company’s stock, valued at $501,307,947.38. The sale was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Monday, June 3rd, Corstar Holdings Inc sold 12,078 shares of CorVel stock. The shares were sold at an average price of $74.18, for a total value of $895,946.04.
  • On Thursday, May 16th, Corstar Holdings Inc sold 11,480 shares of CorVel stock. The shares were sold at an average price of $74.34, for a total value of $853,423.20.
  • On Monday, May 20th, Corstar Holdings Inc sold 17,325 shares of CorVel stock. The shares were sold at an average price of $74.28, for a total value of $1,286,901.00.
  • On Thursday, May 9th, Corstar Holdings Inc sold 16,588 shares of CorVel stock. The shares were sold at an average price of $71.56, for a total value of $1,187,037.28.
  • On Friday, May 3rd, Corstar Holdings Inc sold 5,295 shares of CorVel stock. The shares were sold at an average price of $72.08, for a total value of $381,663.60.
  • On Monday, May 6th, Corstar Holdings Inc sold 20,112 shares of CorVel stock. The shares were sold at an average price of $72.06, for a total value of $1,449,270.72.
  • On Monday, April 29th, Corstar Holdings Inc sold 3,858 shares of CorVel stock. The shares were sold at an average price of $71.25, for a total value of $274,882.50.
  • On Wednesday, May 1st, Corstar Holdings Inc sold 16,840 shares of CorVel stock. The shares were sold at an average price of $71.42, for a total value of $1,202,712.80.
  • On Friday, April 26th, Corstar Holdings Inc sold 15,046 shares of CorVel stock. The shares were sold at an average price of $70.08, for a total value of $1,054,423.68.
  • On Tuesday, April 23rd, Corstar Holdings Inc sold 6,811 shares of CorVel stock. The shares were sold at an average price of $68.59, for a total value of $467,166.49.

Shares of CorVel stock opened at $73.87 on Tuesday. The stock has a market cap of $1.38 billion, a PE ratio of 30.07 and a beta of 0.63. CorVel Co. has a 1-year low of $50.10 and a 1-year high of $75.10.

CorVel (NASDAQ:CRVL) last announced its earnings results on Thursday, May 30th. The business services provider reported $0.63 earnings per share for the quarter. The company had revenue of $151.08 million during the quarter. CorVel had a return on equity of 24.61% and a net margin of 7.84%.

Separately, BidaskClub downgraded CorVel from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th.

Several institutional investors have recently made changes to their positions in CRVL. Norges Bank acquired a new stake in shares of CorVel during the fourth quarter valued at about $22,298,000. Millennium Management LLC grew its stake in shares of CorVel by 380.9% during the fourth quarter. Millennium Management LLC now owns 48,418 shares of the business services provider’s stock valued at $2,988,000 after acquiring an additional 38,349 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of CorVel by 126.2% during the first quarter. Goldman Sachs Group Inc. now owns 60,063 shares of the business services provider’s stock valued at $3,919,000 after acquiring an additional 33,514 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of CorVel by 548.0% during the first quarter. Assenagon Asset Management S.A. now owns 37,732 shares of the business services provider’s stock valued at $2,462,000 after acquiring an additional 31,909 shares in the last quarter. Finally, FMR LLC grew its stake in shares of CorVel by 92.6% during the first quarter. FMR LLC now owns 53,900 shares of the business services provider’s stock valued at $3,516,000 after acquiring an additional 25,918 shares in the last quarter. Institutional investors own 46.22% of the company’s stock.

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About CorVel

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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