American Century Companies Inc. Grows Position in CorVel Co. (NASDAQ:CRVL)

American Century Companies Inc. boosted its holdings in shares of CorVel Co. (NASDAQ:CRVL - Free Report) by 200.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,832 shares of the business services provider's stock after acquiring an additional 9,233 shares during the period. American Century Companies Inc.'s holdings in CorVel were worth $1,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in CRVL. Fifth Third Bancorp raised its stake in CorVel by 45.9% in the fourth quarter. Fifth Third Bancorp now owns 321 shares of the business services provider's stock worth $36,000 after buying an additional 101 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in CorVel during the fourth quarter valued at about $37,000. US Bancorp DE raised its holdings in CorVel by 225.4% in the fourth quarter. US Bancorp DE now owns 384 shares of the business services provider's stock worth $43,000 after purchasing an additional 266 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of CorVel by 175.2% in the 4th quarter. GAMMA Investing LLC now owns 432 shares of the business services provider's stock valued at $48,000 after buying an additional 275 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its position in shares of CorVel by 216.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 532 shares of the business services provider's stock worth $59,000 after buying an additional 364 shares during the last quarter. Hedge funds and other institutional investors own 51.36% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of CorVel from a "hold" rating to a "buy" rating in a research note on Tuesday, April 8th.

Insider Activity at CorVel

In other news, Director Alan Hoops sold 10,200 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $116.39, for a total value of $1,187,178.00. Following the sale, the director now directly owns 118,213 shares of the company's stock, valued at $13,758,811.07. This represents a 7.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven J. Hamerslag sold 10,000 shares of the firm's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $123.48, for a total transaction of $1,234,800.00. Following the transaction, the director now directly owns 314,000 shares of the company's stock, valued at approximately $38,772,720. This trade represents a 3.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,723 shares of company stock valued at $5,757,140 in the last ninety days. Company insiders own 47.57% of the company's stock.

CorVel Stock Performance

NASDAQ:CRVL traded up $0.71 during mid-day trading on Tuesday, hitting $117.09. 2,398 shares of the company's stock traded hands, compared to its average volume of 113,118. The company has a market capitalization of $6.01 billion, a P/E ratio of 68.39 and a beta of 0.94. The company has a fifty day moving average of $111.36 and a 200 day moving average of $115.16. CorVel Co. has a twelve month low of $76.20 and a twelve month high of $128.61.

CorVel (NASDAQ:CRVL - Get Free Report) last released its earnings results on Tuesday, February 4th. The business services provider reported $0.46 EPS for the quarter. CorVel had a net margin of 10.12% and a return on equity of 32.22%.

CorVel Profile

CorVel Corporation provides workers' compensation, auto, liability, and health solutions. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. The company also offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement, retrospective utilization review, facility claim review, professional review, pharmacy, directed care, clearinghouse, independent medical examination, and inpatient medical bill review services, as well as Medicare solutions.