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

Crawford & Company (NYSE:CRD.A) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.15 and traded as high as $13.14. Crawford & Company shares last traded at $13.0220, with a volume of 119,365 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Crawford & Company from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Crawford & Company has a consensus rating of “Buy” and an average target price of $14.00.

Crawford & Company Stock Performance

The firm’s 50 day simple moving average is $12.34 and its 200-day simple moving average is $11.16. The company has a market capitalization of $600.87 million, a price-to-earnings ratio of 26.30 and a beta of 0.83. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.19 and a current ratio of 1.19.

Crawford & Company (NYSE:CRD.A) last issued its earnings results on Monday, August 3rd. The business services provider reported $0.38 EPS for the quarter. The business had revenue of $321.44 million during the quarter. Crawford & Company had a return on equity of 28.15% and a net margin of 1.81%.

Insider Activity

In related news, major shareholder Jesse C. Crawford sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $12.81, for a total transaction of $12,810,000.00. Following the completion of the sale, the insider directly owned 4,447,188 shares in the company, valued at approximately $56,968,478.28. This trade represents a 18.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Andrew Bart sold 10,118 shares of the business’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 transaction, the executive vice president directly owned 101,277 shares in the company, valued at $1,333,818.09. The trade was a 9.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,020,093 shares of company stock worth $13,075,773. Company insiders own 54.27% of the company’s stock.

Crawford & Company Company Profile

Crawford & Company is a global provider of claims management and related services for the insurance market. The company works with insurance carriers, brokers, corporations and other self-insured organizations to manage claims throughout the claims life cycle, including loss assessment, investigation, adjustment, administration and resolution.

Its services include property and casualty claims adjusting, workers’ compensation and liability claims management, third-party administration, catastrophe response, medical management and claims consulting.