Thrivent Financial for Lutherans Has $20.85 Million Stock Holdings in CorVel Corp. $CRVL

Thrivent Financial for Lutherans trimmed its holdings in shares of CorVel Corp. (NASDAQ:CRVL) by 32.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 308,046 shares of the business services provider’s stock after selling 150,280 shares during the period. Thrivent Financial for Lutherans’ holdings in CorVel were worth $20,845,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CRVL. Federated Hermes Inc. grew its stake in CorVel by 147.4% in the third quarter. Federated Hermes Inc. now owns 381 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 227 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of CorVel in the 3rd quarter valued at about $31,000. Hantz Financial Services Inc. raised its holdings in shares of CorVel by 61.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 500 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 190 shares during the period. Quarry LP raised its holdings in shares of CorVel by 218.6% in the 3rd quarter. Quarry LP now owns 513 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 352 shares during the period. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of CorVel in the fourth quarter valued at approximately $37,000. 51.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut CorVel from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Insider Transactions at CorVel

In other CorVel news, insider Maxim Shishin sold 2,400 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $54.00, for a total value of $129,600.00. Following the completion of the sale, the insider owned 7,050 shares of the company’s stock, valued at $380,700. The trade was a 25.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 44.56% of the stock is owned by corporate insiders.

CorVel Stock Performance

CRVL opened at $57.11 on Monday. The company has a market capitalization of $2.92 billion, a P/E ratio of 28.00 and a beta of 0.98. CorVel Corp. has a fifty-two week low of $44.83 and a fifty-two week high of $117.22. The stock has a fifty day moving average of $55.13 and a 200-day moving average of $62.10.

CorVel Profile

CorVel Corporation (NASDAQ: CRVL) is a technology-driven provider of workers’ compensation, liability, and specialty risk management solutions. The company develops and deploys software and data analytics tools to streamline claims administration, medical cost containment, prescription drug management, and provider network access. CorVel’s integrated platform connects employers, insurers, healthcare providers, and injured workers, aiming to improve outcomes and control costs through process automation and real-time decision support.

The company’s product suite includes claims lifecycle management, bill review and negotiation, virtual care and telehealth services, pharmacy benefit management, and independent medical examinations (IMEs).