Crawford & Company (NYSE:CRD.B) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Crawford & Company (NYSE:CRD.B) from a strong sell rating to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

Crawford & Company Stock Down 1.8%

Shares of Crawford & Company stock opened at $10.18 on Tuesday. Crawford & Company has a 1 year low of $8.76 and a 1 year high of $11.68. The firm has a market cap of $496.17 million, a price-to-earnings ratio of 28.28 and a beta of 0.61. The company has a 50-day moving average of $10.20 and a 200 day moving average of $10.27. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.14 and a quick ratio of 1.14.

Crawford & Company (NYSE:CRD.B) last announced its quarterly earnings data 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 return on equity of 24.21% and a net margin of 1.37%.The business had revenue of $309.52 million during the quarter, compared to analysts’ expectations of $303.20 million. As a group, sell-side analysts anticipate that Crawford & Company will post 0.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Crawford & Company news, SVP Tami E. Stevenson sold 19,220 shares of the business’s stock in a transaction 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 sale, the senior vice president directly owned 22,248 shares of the company’s stock, valued at approximately $210,466.08. The trade was a 46.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Andrew John Bart sold 14,005 shares of the stock in a transaction 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 directly owned 113,390 shares in the company, valued at approximately $1,170,184.80. This represents a 10.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 58,282 shares of company stock valued at $578,875 in the last quarter. 51.04% of the stock is owned by company 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.