Crawford & Company (NYSE:CRD.A) Hits New 52-Week High – Time to Buy?

Shares of Crawford & Company (NYSE:CRD.A) hit a new 52-week high during trading on Friday . The company traded as high as $12.12 and last traded at $11.9610, with a volume of 506586 shares trading hands. The stock had previously closed at $11.05.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CRD.A shares. Barrington Research reaffirmed an “outperform” rating and issued a $14.00 target price on shares of Crawford & Company in a research report on Monday, March 9th. Wall Street Zen raised shares of Crawford & Company from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $14.00.

Crawford & Company Price Performance

The stock has a market capitalization of $582.98 million, a price-to-earnings ratio of 33.23 and a beta of 0.81. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.86. The business has a 50-day simple moving average of $10.67 and a two-hundred day simple moving average of $10.67.

Crawford & Company (NYSE:CRD.A) last issued its quarterly earnings results on Monday, May 4th. The business services provider reported $0.16 earnings per share (EPS) for the quarter. Crawford & Company had a return on equity of 24.21% and a net margin of 1.37%.The company had revenue of $320.13 million for the quarter.

Insider Activity

In related news, SVP Tami E. Stevenson sold 19,220 shares of Crawford & Company stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $9.46, for a total transaction of $181,821.20. Following the transaction, the senior vice president directly owned 22,248 shares of the company’s stock, valued at $210,466.08. The trade was a 46.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew John Bart sold 14,005 shares of Crawford & Company stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $10.32, for a total value of $144,531.60. Following the transaction, the executive vice president directly owned 113,390 shares in the company, valued at approximately $1,170,184.80. The trade was a 10.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 58,282 shares of company stock valued at $578,875 in the last ninety days. Company insiders own 54.27% of the company’s stock.

Crawford & Company Company Profile

Crawford & Company provides claims management and outsourcing solutions to the risk management and insurance industry, and self-insured entities. The company's Crawford Claims Solutions segment offers claims management services related to property, casualty, and catastrophe losses caused by physical damage to commercial and residential real properties, and personal properties, as well as marine losses. It also offers services in the areas of field investigation, catastrophe, evaluation, and resolution of property and casualty insurance claims; and various on-demand inspection, verification, and other task specific field services for businesses and consumers through a mobile platform.