Crawford & Company (NYSE:CRD.A) Major Shareholder Sells $12,810,000.00 in Stock

Crawford & Company (NYSE:CRD.A) major shareholder Jesse Crawford sold 1,000,000 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $12.81, for a total value of $12,810,000.00. Following the transaction, the insider owned 4,447,188 shares of the company’s stock, valued at approximately $56,968,478.28. This represents a 18.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Crawford & Company Price Performance

CRD.A stock opened at $13.25 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $644.08 million, a PE ratio of 28.19 and a beta of 0.79. Crawford & Company has a 12-month low of $8.89 and a 12-month high of $13.79. The business’s fifty day moving average price is $11.43 and its 200 day moving average price is $10.77.

Crawford & Company (NYSE:CRD.A) last announced its earnings results on Monday, August 3rd. The business services provider reported $0.38 EPS 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%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Crawford & Company from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $14.00.

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.