Crawford & Company (NYSE:CRD.B) Rating Lowered to Hold at Zacks Research

Crawford & Company (NYSE:CRD.B) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday, Zacks reports.

Crawford & Company Trading Down 0.9%

Crawford & Company stock opened at $12.05 on Monday. The company has a market capitalization of $585.70 million, a price-to-earnings ratio of 25.10 and a beta of 0.63. The company’s fifty day moving average price is $11.87 and its two-hundred day moving average price is $10.76. Crawford & Company has a one year low of $8.78 and a one year high of $13.59. 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.B) last issued its quarterly earnings data on Monday, August 3rd. The business services provider reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.11. Crawford & Company had a return on equity of 28.15% and a net margin of 1.81%.The business had revenue of $321.44 million for the quarter, compared to analyst estimates of $336.09 million. On average, analysts forecast that Crawford & Company will post 1.05 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Andrew Bart sold 3,305 shares of Crawford & Company stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $13.36, for a total value of $44,154.80. Following the transaction, the executive vice president directly owned 86,395 shares in the company, valued at approximately $1,154,237.20. The trade was a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Jesse C. Crawford sold 1,000,000 shares of the business’s stock in a transaction dated 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 directly owned 4,447,188 shares of the company’s stock, valued at $56,968,478.28. This represents a 18.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,020,093 shares of company stock worth $13,075,773. 51.04% of the stock is currently owned by company insiders.

Crawford & Company Company Profile

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 public entities throughout the life cycle of a claim, from initial reporting and investigation through evaluation, settlement and resolution.

Its services include property and casualty claims adjusting, workers’ compensation administration, liability and automobile claims handling, catastrophe response, loss adjusting and third-party administration.