Crawford & Company (NYSE:CRD.B) Shares Break Above Two Hundred Day Moving Average – Time to Sell?

Crawford & Company (NYSE:CRD.B) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $10.85 and traded as high as $12.04. Crawford & Company shares last traded at $11.8650, with a volume of 6,284 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Crawford & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Crawford & Company Trading Down 2.1%

The firm has a market cap of $567.72 million, a P/E ratio of 24.33 and a beta of 0.63. 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 simple moving average is $12.03 and its 200 day simple moving average is $10.87.

Crawford & Company (NYSE:CRD.B) last posted 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 business had revenue of $321.44 million for the quarter, compared to the consensus estimate of $336.09 million. Crawford & Company had a return on equity of 28.15% and a net margin of 1.81%. As a group, analysts expect that Crawford & Company will post 1.05 earnings per share for the current year.

Insider Activity

In other news, EVP Andrew Bart sold 10,118 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $13.17, for a total value of $133,254.06. Following the sale, the executive vice president owned 101,277 shares of the company’s stock, valued at $1,333,818.09. The trade was a 9.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Jesse C. Crawford sold 1,000,000 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $12.81, for a total value of $12,810,000.00. Following the sale, the insider owned 4,447,188 shares in the company, valued at approximately $56,968,478.28. This represents a 18.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,020,093 shares of company stock valued at $13,075,773 in the last quarter. Corporate insiders own 51.04% of the company’s stock.

About Crawford & Company

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.