Crawford & Company (NYSE:CRD.B) Downgraded by Zacks Research to Hold

Zacks Research lowered shares of Crawford & Company (NYSE:CRD.B) from a strong-buy rating to a hold rating in a research report released on Monday,Zacks reports.

Crawford & Company Stock Performance

Shares of CRD.B opened at $12.05 on Monday. 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 company has a 50-day simple moving average of $11.87 and a 200-day simple moving average of $10.76. Crawford & Company has a 52-week low of $8.78 and a 52-week high of $13.59. The company has a market capitalization of $585.70 million, a PE ratio of 25.10 and a beta of 0.63.

Crawford & Company (NYSE:CRD.B) last issued its earnings results on Monday, August 3rd. The business services provider reported $0.38 earnings per share (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 during the quarter, compared to analysts’ expectations of $336.09 million. Equities research analysts predict that Crawford & Company will post 1.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Andrew Bart sold 3,305 shares of Crawford & Company stock in a transaction on Monday, August 24th. The shares were sold at an average price of $13.36, for a total transaction of $44,154.80. Following the sale, the executive vice president owned 86,395 shares of the company’s stock, valued at $1,154,237.20. The trade was a 3.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Jesse C. Crawford sold 1,000,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $56,968,478.28. This represents a 18.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,020,093 shares of company stock valued at $13,075,773. Company insiders own 51.04% of the company’s stock.

Crawford & Company Company Profile

Crawford & Company is a global provider of independent claims management and related services for the insurance and risk-management industries. The company supports insurers, brokers, corporations and public entities throughout the life cycle of a claim, from initial reporting and investigation through evaluation, settlement and resolution.

Its services include property and casualty claims adjusting, workers’ compensation administration, liability and automobile claims handling, catastrophe response, loss adjusting and third-party administration.