R Judd Jessup Sells 1,262 Shares of CorVel (NASDAQ:CRVL) Stock

CorVel Corp. (NASDAQ:CRVL) Director R Judd Jessup sold 1,262 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $70.64, for a total value of $89,147.68. Following the sale, the director directly owned 115,821 shares in the company, valued at $8,181,595.44. This trade represents a 1.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

R Judd Jessup also recently made the following trade(s):

• On Wednesday, August 26th, R Judd Jessup sold 1,562 shares of CorVel stock. The stock was sold at an average price of $70.71, for a total transaction of $110,449.02.

CorVel Stock Performance

Shares of CRVL stock opened at $69.24 on Friday. The company has a market capitalization of $3.53 billion, a PE ratio of 30.77 and a beta of 0.98. CorVel Corp. has a 52-week low of $44.83 and a 52-week high of $93.45. The business’s fifty day moving average is $63.41 and its 200 day moving average is $58.22.

CorVel (NASDAQ:CRVL) last announced its earnings results on Tuesday, August 4th. The business services provider reported $0.63 earnings per share (EPS) for the quarter. CorVel had a net margin of 11.72% and a return on equity of 29.92%. The business had revenue of $259.93 million during the quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of CorVel from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 16th. Wall Street Zen raised shares of CorVel from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, CorVel has an average rating of “Hold”.

Hedge Funds Weigh In On CorVel

A number of hedge funds and other institutional investors have recently made changes to their positions in CRVL. BlackRock Inc. bought a new stake in CorVel in the second quarter valued at $321,316,000. California State Teachers Retirement System raised its holdings in CorVel by 7,962.8% in the 2nd quarter. California State Teachers Retirement System now owns 2,350,314 shares of the business services provider’s stock worth $146,942,000 after purchasing an additional 2,321,164 shares in the last quarter. Norges Bank bought a new position in CorVel in the 4th quarter worth $29,250,000. Bank of New York Mellon Corp purchased a new stake in shares of CorVel in the 2nd quarter worth about $11,439,000. Finally, Algert Global LLC boosted its stake in shares of CorVel by 67.0% during the 2nd quarter. Algert Global LLC now owns 383,419 shares of the business services provider’s stock valued at $23,971,000 after purchasing an additional 153,877 shares in the last quarter. Institutional investors own 51.36% of the company’s stock.

CorVel Company Profile

CorVel Corporation (NASDAQ: CRVL) is a technology-driven provider of workers’ compensation, liability, and specialty risk management solutions. The company develops and deploys software and data analytics tools to streamline claims administration, medical cost containment, prescription drug management, and provider network access. CorVel’s integrated platform connects employers, insurers, healthcare providers, and injured workers, aiming to improve outcomes and control costs through process automation and real-time decision support.

The company’s product suite includes claims lifecycle management, bill review and negotiation, virtual care and telehealth services, pharmacy benefit management, and independent medical examinations (IMEs).