Teacher Retirement System of Texas Has $9.38 Million Holdings in CorVel Co. (NASDAQ:CRVL)

Teacher Retirement System of Texas increased its position in shares of CorVel Co. (NASDAQ:CRVL) by 229.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,270 shares of the business services provider’s stock after acquiring an additional 58,661 shares during the quarter. Teacher Retirement System of Texas owned 0.17% of CorVel worth $9,376,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Fifth Third Bancorp increased its stake in CorVel by 45.9% in the 4th quarter. Fifth Third Bancorp now owns 321 shares of the business services provider’s stock valued at $36,000 after buying an additional 101 shares during the period. Jones Financial Companies Lllp acquired a new position in CorVel in the 4th quarter valued at approximately $37,000. US Bancorp DE increased its stake in CorVel by 225.4% in the 4th quarter. US Bancorp DE now owns 384 shares of the business services provider’s stock valued at $43,000 after buying an additional 266 shares during the period. GAMMA Investing LLC increased its stake in CorVel by 175.2% in the 4th quarter. GAMMA Investing LLC now owns 432 shares of the business services provider’s stock valued at $48,000 after buying an additional 275 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in CorVel by 216.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 532 shares of the business services provider’s stock valued at $59,000 after buying an additional 364 shares during the period. Institutional investors and hedge funds own 51.36% of the company’s stock.

CorVel Stock Performance

CorVel stock opened at $107.86 on Friday. The firm has a market cap of $5.54 billion, a PE ratio of 63.45 and a beta of 1.06. CorVel Co. has a twelve month low of $76.20 and a twelve month high of $128.61. The firm’s 50 day moving average price is $112.06 and its two-hundred day moving average price is $114.20.

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

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of CorVel from a “buy” rating to a “hold” rating in a research note on Thursday, March 13th.

Insiders Place Their Bets

In other CorVel news, Director Alan Hoops sold 10,200 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $116.39, for a total value of $1,187,178.00. Following the completion of the sale, the director now directly owns 118,213 shares of the company’s stock, valued at $13,758,811.07. The trade was a 7.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey J. Michael sold 10,477 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $116.45, for a total transaction of $1,220,046.65. Following the sale, the director now directly owns 568,310 shares of the company’s stock, valued at approximately $66,179,699.50. This represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,200 shares of company stock valued at $3,824,115 over the last ninety days. Corporate insiders own 47.57% of the company’s stock.

About CorVel

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.