CorVel Co. (CRVL) Major Shareholder Sells $351,351.45 in Stock

CorVel Co. (NASDAQ:CRVL) major shareholder Corstar Holdings Inc sold 5,727 shares of the firm’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $61.35, for a total value of $351,351.45. Following the completion of the transaction, the insider now owns 7,063,967 shares of the company’s stock, valued at $433,374,375.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Corstar Holdings Inc also recently made the following trade(s):

  • On Wednesday, November 7th, Corstar Holdings Inc sold 18,085 shares of CorVel stock. The stock was sold at an average price of $62.72, for a total value of $1,134,291.20.
  • On Monday, October 1st, Corstar Holdings Inc sold 3,213 shares of CorVel stock. The stock was sold at an average price of $60.11, for a total value of $193,133.43.
  • On Wednesday, September 26th, Corstar Holdings Inc sold 2,242 shares of CorVel stock. The shares were sold at an average price of $60.18, for a total value of $134,923.56.
  • On Friday, September 28th, Corstar Holdings Inc sold 4,135 shares of CorVel stock. The shares were sold at an average price of $60.18, for a total value of $248,844.30.
  • On Monday, September 24th, Corstar Holdings Inc sold 3,133 shares of CorVel stock. The shares were sold at an average price of $60.42, for a total value of $189,295.86.
  • On Friday, September 21st, Corstar Holdings Inc sold 100 shares of CorVel stock. The shares were sold at an average price of $60.10, for a total value of $6,010.00.
  • On Wednesday, September 19th, Corstar Holdings Inc sold 3,452 shares of CorVel stock. The shares were sold at an average price of $60.37, for a total value of $208,397.24.
  • On Thursday, September 13th, Corstar Holdings Inc sold 801 shares of CorVel stock. The shares were sold at an average price of $60.14, for a total value of $48,172.14.
  • On Monday, September 17th, Corstar Holdings Inc sold 6,654 shares of CorVel stock. The shares were sold at an average price of $60.18, for a total value of $400,437.72.
  • On Thursday, September 6th, Corstar Holdings Inc sold 3,059 shares of CorVel stock. The shares were sold at an average price of $59.65, for a total value of $182,469.35.

Shares of CRVL stock opened at $63.99 on Friday. The company has a market cap of $1.21 billion, a P/E ratio of 28.56 and a beta of 0.54. CorVel Co. has a twelve month low of $46.45 and a twelve month high of $66.33.

Separately, BidaskClub upgraded CorVel from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 17th.

A number of hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc raised its position in CorVel by 4.7% during the second quarter. Legal & General Group Plc now owns 21,784 shares of the business services provider’s stock valued at $1,173,000 after acquiring an additional 979 shares in the last quarter. SG Americas Securities LLC raised its position in CorVel by 66.0% during the second quarter. SG Americas Securities LLC now owns 3,446 shares of the business services provider’s stock valued at $186,000 after acquiring an additional 1,370 shares in the last quarter. Bank of New York Mellon Corp raised its position in CorVel by 1.2% during the third quarter. Bank of New York Mellon Corp now owns 126,738 shares of the business services provider’s stock valued at $7,636,000 after acquiring an additional 1,498 shares in the last quarter. Russell Investments Group Ltd. raised its position in CorVel by 1.7% during the third quarter. Russell Investments Group Ltd. now owns 104,601 shares of the business services provider’s stock valued at $6,300,000 after acquiring an additional 1,707 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in CorVel by 30.3% during the third quarter. Victory Capital Management Inc. now owns 7,999 shares of the business services provider’s stock valued at $482,000 after acquiring an additional 1,859 shares in the last quarter. Institutional investors own 45.03% of the company’s stock.

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CorVel Company Profile

CorVel Corporation provides workers' compensation solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. It applies technology, intelligence, and a human touch to the risk management process that enables its clients to intervene early and connected to the critical intelligence they need to proactively manage risk.

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