Crawford & Company (NYSE:CRD.A) Posts Earnings Results

Crawford & Company (NYSE:CRD.A) issued its quarterly earnings results on Monday. The business services provider reported $0.37 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $329.91 million during the quarter. Crawford & Company had a return on equity of 28.15% and a net margin of 1.81%.

Crawford & Company Stock Performance

Shares of NYSE CRD.A opened at $12.55 on Tuesday. 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 firm’s 50-day moving average price is $12.67 and its 200-day moving average price is $11.32. Crawford & Company has a 52-week low of $8.89 and a 52-week high of $13.90. The company has a market cap of $610.10 million, a PE ratio of 26.71 and a beta of 0.80.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of 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.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $14.00.

Insider Buying and Selling

In other Crawford & Company news, major shareholder Jesse Crawford sold 1,000,000 shares of Crawford & Company 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 sale, the insider owned 4,447,188 shares of the company’s stock, valued at approximately $56,968,478.28. The trade was a 18.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Andrew Bart sold 10,118 shares of the business’s stock in a transaction 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 sale, the executive vice president owned 101,277 shares of the company’s stock, valued at approximately $1,333,818.09. This represents a 9.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,020,093 shares of company stock worth $13,075,773. 54.27% of the stock is owned by insiders.

Crawford & Company Company Profile

Crawford & Company is a global provider of claims management and related services for the insurance industry, corporations and government entities. The company helps clients manage property and casualty claims from initial assessment through resolution, with services that include loss adjusting, claims administration, catastrophe response, appraisal, subrogation and settlement support.

Through its Broadspire operations, Crawford also provides third-party administration and specialized workers’ compensation, disability and liability claims services.