Crawford & Company (NYSE:CRD.A) Sets New 12-Month High – Still a Buy?

Crawford & Company (NYSE:CRD.A)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $12.12 and last traded at $11.9610, with a volume of 506586 shares changing hands. The stock had previously closed at $11.05.

Analysts Set New Price Targets

Several research firms recently commented on CRD.A. Wall Street Zen raised Crawford & Company from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Barrington Research restated an “outperform” rating and set a $14.00 target price on shares of Crawford & Company in a research note on Monday, March 9th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $14.00.

Crawford & Company Stock Performance

The company has a market cap of $582.98 million, a price-to-earnings ratio of 33.23 and a beta of 0.81. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.86. The stock’s 50 day moving average price is $10.65 and its 200 day moving average price is $10.66.

Crawford & Company (NYSE:CRD.A) last released its earnings results on Monday, May 4th. The business services provider reported $0.16 EPS for the quarter. The company had revenue of $320.13 million during the quarter. Crawford & Company had a return on equity of 24.21% and a net margin of 1.37%.

Insider Activity at Crawford & Company

In other Crawford & Company news, EVP Andrew John Bart sold 14,005 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $10.32, for a total value of $144,531.60. Following the transaction, the executive vice president directly owned 113,390 shares of the company’s stock, valued at $1,170,184.80. This represents a 10.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Tami E. Stevenson sold 19,220 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $9.46, for a total transaction of $181,821.20. Following the completion of the sale, the senior vice president owned 22,248 shares of the company’s stock, valued at $210,466.08. The trade was a 46.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 58,282 shares of company stock worth $578,875. Company insiders own 54.27% of the company’s stock.

Crawford & Company Company Profile

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.