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

Crawford & Company (NYSE:CRD.A) posted its earnings results on Monday. The business services provider reported $0.37 EPS for the quarter, FiscalAI reports. Crawford & Company had a net margin of 2.01% and a return on equity of 29.46%. The firm had revenue of $329.91 million during the quarter.

Crawford & Company Price Performance

Shares of Crawford & Company stock traded up $0.43 on Wednesday, hitting $11.73. The company had a trading volume of 17,535 shares, compared to its average volume of 59,593. Crawford & Company has a 52 week low of $8.89 and a 52 week high of $13.90. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market cap of $570.20 million, a PE ratio of 22.13 and a beta of 0.85. The business has a 50-day simple moving average of $12.62 and a 200-day simple moving average of $11.32.

Analyst Ratings Changes

Separately, Wall Street Zen raised Crawford & Company from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $14.00.

Insider Activity at Crawford & Company

In other Crawford & Company news, EVP Andrew Bart sold 3,305 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $13.36, for a total value of $44,154.80. Following the completion of the sale, the executive vice president directly owned 86,395 shares in the company, valued at $1,154,237.20. This represents a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Jesse Crawford sold 1,000,000 shares of the stock in a transaction 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 transaction, the insider directly 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,020,093 shares of company stock worth $13,075,773. 54.27% of the stock is owned by corporate 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.