Crawford & Company (NYSE:CRD.A) Stock Falls 5.5% – Here’s Why

Crawford & Company (NYSE:CRD.A) traded down 5.5% on Tuesday. The company traded as low as $11.71 and last traded at $11.7550. Approximately 21,105 shares were traded during trading, a decline of 64% from the average daily volume of 59,436 shares. The stock had previously closed at $12.44.

Analysts Set New Price Targets

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

Crawford & Company Stock Performance

The company has a current ratio of 1.17, a quick ratio of 1.19 and a debt-to-equity ratio of 0.82. The firm’s fifty day moving average price is $12.57 and its two-hundred day moving average price is $11.33. The stock has a market capitalization of $564.56 million, a PE ratio of 21.91 and a beta of 0.85.

Crawford & Company (NYSE:CRD.A) last announced its quarterly earnings results on Monday, November 2nd. The business services provider reported $0.37 earnings per share (EPS) for the quarter. Crawford & Company had a net margin of 2.01% and a return on equity of 29.17%. The firm had revenue of $329.91 million for the quarter.

Insider Activity at Crawford & Company

In other news, major shareholder Jesse Crawford sold 1,000,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 4,447,188 shares in the company, valued at $56,968,478.28. The trade was a 18.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew Bart sold 3,305 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $13.36, for a total transaction of $44,154.80. Following the completion of the sale, the executive vice president directly owned 86,395 shares of the company’s stock, valued at approximately $1,154,237.20. The trade was a 3.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders 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.