Crawford & Company (NYSE:CRD.A) Sets New 1-Year High – What’s Next?

Shares of Crawford & Company (NYSE:CRD.A) reached a new 52-week high on Tuesday . The company traded as high as $12.13 and last traded at $12.0910, with a volume of 21146 shares trading hands. The stock had previously closed at $11.32.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Crawford & Company from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $14.00.

Crawford & Company Stock Up 9.6%

The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.14 and a current ratio of 1.14. The company’s 50-day moving average price is $11.06 and its 200 day moving average price is $10.64. The stock has a market capitalization of $604.62 million, a P/E ratio of 34.61 and a beta of 0.79.

Crawford & Company (NYSE:CRD.A) last issued its earnings results on Monday, August 3rd. The business services provider reported $0.38 earnings per share for the quarter. Crawford & Company had a net margin of 1.37% and a return on equity of 24.21%. The company had revenue of $321.44 million during the quarter.

Insider Activity

In related news, EVP Andrew John Bart sold 14,005 shares of Crawford & Company stock in a transaction that occurred 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 sale, the executive vice president owned 113,390 shares of the company’s stock, valued at approximately $1,170,184.80. This trade represents a 10.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Tami E. Stevenson sold 19,220 shares of Crawford & Company stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $9.46, for a total value of $181,821.20. Following the sale, the senior vice president directly owned 22,248 shares in the company, valued at $210,466.08. This trade represents a 46.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 58,282 shares of company stock worth $578,875 over the last 90 days. Company insiders own 54.27% of the company’s stock.

Crawford & Company Company Profile

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.