Jesse Crawford Sells 1,000,000 Shares of Crawford & Company (NYSE:CRD.B) Stock

Crawford & Company (NYSE:CRD.B) major shareholder Jesse Crawford sold 1,000,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider directly owned 4,447,188 shares in the company, valued at $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 hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Crawford & Company Stock Up 1.5%

Shares of Crawford & Company stock traded up $0.18 during trading on Tuesday, hitting $12.27. The company’s stock had a trading volume of 5,910 shares, compared to its average volume of 13,029. Crawford & Company has a 52 week low of $8.78 and a 52 week high of $12.65. The company has a market capitalization of $596.49 million, a PE ratio of 25.57 and a beta of 0.60. The company has a fifty day simple moving average of $10.51 and a two-hundred day simple moving average of $10.25. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.19 and a current ratio of 1.19.

Crawford & Company (NYSE:CRD.B) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $336.09 million. Crawford & Company had a net margin of 1.81% and a return on equity of 28.15%. Equities research analysts predict that Crawford & Company will post 1.02 earnings per share for the current year.

Analyst Ratings Changes

Separately, Zacks Research upgraded Crawford & Company from a “hold” rating to a “strong-buy” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has an average rating of “Strong Buy”.

Crawford & Company Company Profile

Crawford & Company (NYSE: CRD.B) is an independent provider of claims management and risk solutions to insurance carriers and self-insured entities worldwide. The company’s services span property and casualty claims adjusting, third-party administration, managed repair, catastrophe response, and risk consulting. Through its network of professionals, Crawford & Company assists clients in streamlining claims processes, controlling costs, and improving customer satisfaction across diverse lines of business.

Founded in 1941 by James O.