Crawford & Company (NYSE:CRD.B) Trading 5% Higher – Here’s Why

Crawford & Company (NYSE:CRD.B)’s stock price rose 5% during trading on Friday . The stock traded as high as $10.31 and last traded at $10.4940. Approximately 115 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 16,460 shares. The stock had previously closed at $9.99.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Crawford & Company from a “hold” rating to a “strong sell” rating in a report on Monday, March 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Crawford & Company Price Performance

The company has a market capitalization of $510.55 million, a PE ratio of 29.10 and a beta of 0.61. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.86. The firm’s 50-day moving average is $10.00 and its 200-day moving average is $10.26.

Crawford & Company (NYSE:CRD.B) last released its quarterly earnings results on Monday, May 4th. The business services provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). Crawford & Company had a net margin of 1.37% and a return on equity of 24.21%. The firm had revenue of $309.52 million for the quarter, compared to analysts’ expectations of $303.20 million. Equities analysts predict that Crawford & Company will post 0.92 earnings per share for the current fiscal year.

Insider Transactions at Crawford & Company

In related news, EVP Andrew John Bart sold 14,005 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $10.32, for a total value of $144,531.60. Following the completion of the sale, the executive vice president owned 113,390 shares in the company, valued at $1,170,184.80. The trade was a 10.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Tami E. Stevenson sold 19,220 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $9.46, for a total value of $181,821.20. Following the completion of the sale, the senior vice president directly owned 22,248 shares of the company’s stock, valued at approximately $210,466.08. This represents a 46.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 58,282 shares of company stock worth $578,875. 51.04% of the stock is currently owned by insiders.

Crawford & Company Company Profile

Crawford & Company (NYSE: CRD.B) is an independent provider of claims management and risk solutions to insurance carriers and self-insured entities worldwide. The company’s services span property and casualty claims adjusting, third-party administration, managed repair, catastrophe response, and risk consulting. Through its network of professionals, Crawford & Company assists clients in streamlining claims processes, controlling costs, and improving customer satisfaction across diverse lines of business.

Founded in 1941 by James O.