CorVel Co. (NASDAQ:CRVL) Director Jeffrey J. Michael Sells 10,477 Shares

CorVel Co. (NASDAQ:CRVL) Director Jeffrey J. Michael sold 10,477 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $116.45, for a total transaction of $1,220,046.65. Following the completion of the transaction, the director now directly owns 568,310 shares in the company, valued at approximately $66,179,699.50. The trade was a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

CorVel Stock Performance

NASDAQ:CRVL traded up $1.28 during trading hours on Tuesday, hitting $106.17. The stock had a trading volume of 96,361 shares, compared to its average volume of 102,149. The business’s 50 day moving average is $112.65 and its 200-day moving average is $114.19. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 62.45 and a beta of 1.06. CorVel Co. has a one year low of $76.20 and a one year high of $128.61.

CorVel (NASDAQ:CRVL) last issued its quarterly earnings data on Tuesday, February 4th. The business services provider reported $0.46 EPS for the quarter. CorVel had a return on equity of 32.22% and a net margin of 10.12%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded CorVel from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th.

Institutional Trading of CorVel

Several hedge funds have recently bought and sold shares of the stock. LGT Financial Advisors LLC boosted its holdings in shares of CorVel by 200.0% in the fourth quarter. LGT Financial Advisors LLC now owns 255 shares of the business services provider’s stock valued at $28,000 after buying an additional 170 shares during the period. Bessemer Group Inc. boosted its stake in CorVel by 6,350.0% in the 4th quarter. Bessemer Group Inc. now owns 258 shares of the business services provider’s stock worth $29,000 after purchasing an additional 254 shares during the period. Fifth Third Bancorp increased its holdings in CorVel by 45.9% during the 4th quarter. Fifth Third Bancorp now owns 321 shares of the business services provider’s stock worth $36,000 after purchasing an additional 101 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of CorVel in the 4th quarter valued at about $37,000. Finally, US Bancorp DE lifted its holdings in shares of CorVel by 225.4% in the fourth quarter. US Bancorp DE now owns 384 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 266 shares in the last quarter. 51.36% of the stock is currently owned by institutional investors and hedge funds.

CorVel Company Profile

CorVel Corporation provides workers’ compensation, auto, liability, and health solutions. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. The company also offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement, retrospective utilization review, facility claim review, professional review, pharmacy, directed care, clearinghouse, independent medical examination, and inpatient medical bill review services, as well as Medicare solutions.