Crawford & Company (NYSE:CRD.A) Reaches New 1-Year High – Still a Buy?

Crawford & Company (NYSE:CRD.A) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $14.50 and last traded at $14.50, with a volume of 115 shares trading hands. The stock had previously closed at $13.07.

Analysts Set New Price Targets

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

Crawford & Company Stock Up 0.8%

The firm has a market capitalization of $640.63 million, a P/E ratio of 28.04 and a beta of 0.79. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.19 and a current ratio of 1.19. The business’s fifty day moving average price is $11.86 and its two-hundred day moving average price is $10.93.

Crawford & Company (NYSE:CRD.A) last issued its quarterly earnings data on Monday, August 3rd. The business services provider reported $0.38 earnings per share (EPS) for the quarter. The firm had revenue of $321.44 million for the quarter. Crawford & Company had a net margin of 1.81% and a return on equity of 28.15%.

Insiders Place Their Bets

In other news, major shareholder Jesse C. Crawford sold 1,000,000 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $12.81, for a total transaction of $12,810,000.00. Following the transaction, the insider owned 4,447,188 shares in the company, valued at $56,968,478.28. This represents a 18.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Andrew John Bart sold 10,118 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $13.17, for a total value of $133,254.06. Following the completion of the transaction, the executive vice president owned 101,277 shares of the company’s stock, valued at $1,333,818.09. This trade represents a 9.08% 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 worth $13,075,773. Insiders own 54.27% of the company’s stock.

About Crawford & Company

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.