Crawford & Company (NYSE:CRD.B) Shares Gap Up – Should You Buy?

Crawford & Company (NYSE:CRD.B)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $12.66, but opened at $12.98. Crawford & Company shares last traded at $12.5070, with a volume of 3,332 shares.

Wall Street Analysts Forecast Growth

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

Crawford & Company Trading Down 1.5%

The business’s 50-day moving average is $10.81 and its two-hundred day moving average is $10.35. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $589.40 million, a PE ratio of 25.26 and a beta of 0.60.

Crawford & Company (NYSE:CRD.B) last released its quarterly earnings data on Monday, August 3rd. The business services provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.27 by $0.11. The company had revenue of $321.44 million for the quarter, compared to analyst estimates of $336.09 million. Crawford & Company had a return on equity of 28.15% and a net margin of 1.81%. On average, analysts predict that Crawford & Company will post 1.05 earnings per share for the current year.

Insider Activity

In other Crawford & Company news, EVP Andrew John Bart sold 3,505 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $13.45, for a total value of $47,142.25. Following the completion of the transaction, the executive vice president owned 97,772 shares in the company, valued at $1,315,033.40. This represents a 3.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Jesse C. Crawford sold 1,000,000 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $12.81, for a total transaction of $12,810,000.00. Following the completion of the sale, the insider directly owned 4,447,188 shares of the company’s stock, valued at $56,968,478.28. This trade represents a 18.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,015,618 shares of company stock worth $13,011,084. Company insiders own 51.04% of the company’s stock.

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.