Crawford & Company (NYSE:CRD.B) Major Shareholder Jesse Crawford Sells 1,000,000 Shares of Stock

Crawford & Company (NYSE:CRD.B) major shareholder Jesse 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 value of $12,810,000.00. Following the completion of the transaction, the insider directly owned 4,447,188 shares in the company, valued at $56,968,478.28. The trade was a 18.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Crawford & Company Stock Up 1.5%

Shares of Crawford & Company stock opened at $12.27 on Wednesday. Crawford & Company has a 12-month low of $8.78 and a 12-month high of $12.65. 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 stock has a 50 day moving average price of $10.55 and a two-hundred day moving average price of $10.26. The stock has a market capitalization of $596.49 million, a P/E ratio of 25.57 and a beta of 0.60.

Crawford & Company (NYSE:CRD.B) last released its quarterly earnings results 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. Crawford & Company had a net margin of 1.81% and a return on equity of 28.15%. The company had revenue of $321.44 million for the quarter, compared to analyst estimates of $336.09 million. Equities analysts expect that Crawford & Company will post 1.05 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Crawford & Company from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has an average rating of “Strong Buy”.

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.