Crawford & Company (NYSE:CRD.A) Reaches New 52-Week High – What’s Next?

Crawford & Company (NYSE:CRD.A)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $13.79 and last traded at $13.7310, with a volume of 151818 shares traded. The stock had previously closed at $13.77.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Crawford & Company from a “buy” rating to a “strong-buy” rating in a report on Saturday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Crawford & Company has an average rating of “Buy” and a consensus price target of $14.00.

Crawford & Company Stock Down 0.1%

The firm has a 50-day simple moving average of $11.34 and a 200 day simple moving average of $10.73. The company has a market capitalization of $641.75 million, a PE ratio of 28.09 and a beta of 0.79. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.19 and a quick ratio of 1.19.

Crawford & Company (NYSE:CRD.A) last issued its earnings results on Monday, August 3rd. The business services provider reported $0.38 earnings per share for the quarter. The company had revenue of $321.44 million during the quarter. Crawford & Company had a return on equity of 28.15% and a net margin of 1.81%.

Insider Buying and Selling

In other Crawford & Company news, major shareholder Jesse C. Crawford sold 1,000,000 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $12.81, for a total value of $12,810,000.00. Following the completion of the sale, the insider owned 4,447,188 shares of the company’s stock, valued at $56,968,478.28. This trade represents a 18.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew John Bart sold 14,005 shares of Crawford & Company stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $10.32, for a total transaction of $144,531.60. Following the sale, the executive vice president owned 113,390 shares in the company, valued at $1,170,184.80. This represents a 10.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,032,000 shares of company stock valued at $13,137,140. 54.27% of the stock is owned by company insiders.

About Crawford & Company

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.