Crawford & Company (NYSE:CRD.B) Shares Gap Down – Here’s Why

Crawford & Company (NYSE:CRD.B) gapped down before the market opened on Friday. The stock had previously closed at $11.94, but opened at $11.38. Crawford & Company shares last traded at $11.6950, with a volume of 219 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Crawford & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Crawford & Company Trading Down 1.9%

The firm has a market capitalization of $568.69 million, a price-to-earnings ratio of 24.38 and a beta of 0.63. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.82. The business’s 50-day simple moving average is $12.03 and its two-hundred day simple moving average is $10.87.

Crawford & Company (NYSE:CRD.B) last announced its quarterly earnings data on Monday, August 3rd. The business services provider reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.11. The firm had revenue of $321.44 million during the quarter, compared to the consensus estimate of $336.09 million. Crawford & Company had a net margin of 1.81% and a return on equity of 28.15%. Equities analysts forecast that Crawford & Company will post 1.05 earnings per share for the current year.

Insider Activity at Crawford & Company

In other Crawford & Company news, EVP Andrew Bart sold 10,118 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $13.17, for a total transaction of $133,254.06. Following the transaction, the executive vice president 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. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Jesse C. Crawford sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $12.81, for a total value of $12,810,000.00. Following the sale, the insider owned 4,447,188 shares in the company, valued at approximately $56,968,478.28. The trade was a 18.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,020,093 shares of company stock worth $13,075,773 in the last 90 days. 51.04% of the stock is currently owned by insiders.

About Crawford & Company

Crawford & Company is a global provider of independent claims management and related services for the insurance and risk-management industries. The company supports insurers, brokers, corporations and public entities throughout the life cycle of a claim, from initial reporting and investigation through evaluation, settlement and resolution.

Its services include property and casualty claims adjusting, workers’ compensation administration, liability and automobile claims handling, catastrophe response, loss adjusting and third-party administration.