MetLife Investment Management LLC Has $1.79 Million Stock Position in CorVel Co. (NASDAQ:CRVL)

MetLife Investment Management LLC increased its stake in shares of CorVel Co. (NASDAQ:CRVL) by 213.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,050 shares of the business services provider’s stock after purchasing an additional 10,923 shares during the period. MetLife Investment Management LLC’s holdings in CorVel were worth $1,786,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its position in shares of CorVel by 152.8% during the 4th quarter. Victory Capital Management Inc. now owns 109,084 shares of the business services provider’s stock worth $12,137,000 after buying an additional 65,940 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in CorVel by 297.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,900 shares of the business services provider’s stock valued at $768,000 after purchasing an additional 5,163 shares during the period. Steward Partners Investment Advisory LLC increased its stake in CorVel by 199.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,343 shares of the business services provider’s stock valued at $594,000 after purchasing an additional 3,558 shares in the last quarter. American Century Companies Inc. raised its holdings in CorVel by 200.8% in the fourth quarter. American Century Companies Inc. now owns 13,832 shares of the business services provider’s stock worth $1,539,000 after purchasing an additional 9,233 shares during the period. Finally, Federated Hermes Inc. boosted its position in shares of CorVel by 154.9% during the fourth quarter. Federated Hermes Inc. now owns 492 shares of the business services provider’s stock worth $55,000 after purchasing an additional 299 shares in the last quarter. Institutional investors own 51.36% of the company’s stock.

Insider Buying and Selling

In related news, Director Alan Hoops sold 10,200 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $116.39, for a total transaction of $1,187,178.00. Following the completion of the transaction, the director now directly owns 118,213 shares in the company, valued at approximately $13,758,811.07. This trade represents a 7.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven J. Hamerslag sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $123.48, for a total value of $1,234,800.00. Following the completion of the sale, the director now owns 314,000 shares in the company, valued at $38,772,720. The trade was a 3.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,723 shares of company stock valued at $5,757,140. Company insiders own 47.57% of the company’s stock.

CorVel Price Performance

NASDAQ:CRVL opened at $109.00 on Wednesday. The business’s 50-day simple moving average is $110.29 and its 200-day simple moving average is $115.71. CorVel Co. has a fifty-two week low of $76.53 and a fifty-two week high of $128.61. The stock has a market capitalization of $5.60 billion, a PE ratio of 64.12 and a beta of 0.94.

CorVel (NASDAQ:CRVL) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $0.46 earnings per share 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 raised CorVel from a “hold” rating to a “buy” rating in a research note on Friday, April 18th.

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.