Crawford & Company (NYSE:CRD.B) Shares Gap Down – Time to Sell?

Shares of Crawford & Company (NYSE:CRD.B) gapped down prior to trading on Tuesday . The stock had previously closed at $11.95, but opened at $11.50. Crawford & Company shares last traded at $11.9160, with a volume of 3,151 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Crawford & Company from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Crawford & Company Price Performance

The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.19 and a current ratio of 1.19. The business has a 50 day moving average price of $11.48 and a 200-day moving average price of $10.60. The company has a market capitalization of $578.85 million, a price-to-earnings ratio of 24.81 and a beta of 0.64.

Crawford & Company (NYSE:CRD.B) last released its earnings results on Monday, August 3rd. The business services provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.27 by $0.11. The business had revenue of $321.44 million during the quarter, compared to analysts’ expectations of $336.09 million. Crawford & Company had a return on equity of 28.15% and a net margin of 1.81%. Research analysts predict that Crawford & Company will post 1.05 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Jesse C. Crawford sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $12.81, for a total transaction of $12,810,000.00. Following the transaction, the insider directly 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew Bart sold 10,118 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $13.17, for a total value of $133,254.06. Following the completion of the transaction, the executive vice president owned 101,277 shares in the company, valued at approximately $1,333,818.09. This represents a 9.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,020,093 shares of company stock worth $13,075,773. 51.04% of the stock is owned by company insiders.

About Crawford & Company

Crawford & Company is a global provider of independent claims management and related services for the insurance and risk management industries. The company supports insurers, brokers, corporations, and government entities with services that span the claims lifecycle, including loss adjusting, claims administration, third-party administration, and claims management technology.

Its offerings cover property and casualty claims, workers’ compensation, automobile claims, transportation-related losses, specialty claims, and legal settlement services.