Crawford & Company (NYSE:CRD.A) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Shares of Crawford & Company (NYSE:CRD.A) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.03 and traded as high as $13.56. Crawford & Company shares last traded at $13.24, with a volume of 22,564 shares changing hands.

Wall Street Analyst Weigh In

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 investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $14.00.

Crawford & Company Trading Down 1.5%

The firm has a 50-day moving average price of $12.07 and a 200-day moving average price of $11.03. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market cap of $643.54 million, a PE ratio of 28.17 and a beta of 0.83.

Crawford & Company (NYSE:CRD.A) last announced its quarterly earnings data on Monday, August 3rd. The business services provider reported $0.38 EPS for the quarter. The company had revenue of $321.44 million for 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 related news, EVP Andrew Bart sold 10,118 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $13.17, for a total transaction of $133,254.06. Following the completion of the sale, the executive vice president owned 101,277 shares of the company’s stock, valued at $1,333,818.09. This trade represents a 9.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Jesse C. Crawford sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $12.81, for a total transaction of $12,810,000.00. Following the completion of the transaction, the insider owned 4,447,188 shares of the company’s stock, valued at approximately $56,968,478.28. The trade was a 18.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,020,093 shares of company stock worth $13,075,773. 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.