R Judd Jessup Sells 687 Shares of CorVel Co. (NASDAQ:CRVL) Stock

CorVel Co. (NASDAQ:CRVL - Get Free Report) Director R Judd Jessup sold 687 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $111.25, for a total value of $76,428.75. Following the completion of the transaction, the director now owns 128,832 shares of the company's stock, valued at $14,332,560. This trade represents a 0.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Friday, May 30th, R Judd Jessup sold 150 shares of CorVel stock. The shares were sold at an average price of $111.76, for a total value of $16,764.00.
• On Tuesday, May 27th, R Judd Jessup sold 935 shares of CorVel stock. The shares were sold at an average price of $113.50, for a total value of $106,122.50.

CorVel Stock Performance

CRVL remained flat at $109.56 during trading on Friday. The company's stock had a trading volume of 81,991 shares, compared to its average volume of 119,905. The business has a fifty day simple moving average of $112.15 and a 200 day simple moving average of $116.31. The stock has a market cap of $5.63 billion, a PE ratio of 64.45 and a beta of 1.02. CorVel Co. has a 52 week low of $76.53 and a 52 week high of $128.61.

CorVel (NASDAQ:CRVL - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The business services provider reported $0.51 EPS for the quarter. The business had revenue of $231.51 million during the quarter. CorVel had a return on equity of 32.22% and a net margin of 10.12%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded CorVel from a "hold" rating to a "buy" rating in a report on Friday, April 18th.

Institutional Trading of CorVel

Institutional investors and hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in shares of CorVel during the 1st quarter worth $25,000. LGT Financial Advisors LLC increased its holdings in shares of CorVel by 200.0% during the 4th quarter. LGT Financial Advisors LLC now owns 255 shares of the business services provider's stock worth $28,000 after buying an additional 170 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of CorVel by 6,350.0% during the 4th quarter. Bessemer Group Inc. now owns 258 shares of the business services provider's stock worth $29,000 after buying an additional 254 shares during the last quarter. von Borstel & Associates Inc. acquired a new stake in shares of CorVel during the 1st quarter worth $28,000. Finally, Fifth Third Bancorp increased its holdings in shares of CorVel by 45.9% during the 4th quarter. Fifth Third Bancorp now owns 321 shares of the business services provider's stock worth $36,000 after buying an additional 101 shares during the last quarter. 51.36% of the stock is currently owned by institutional investors and hedge funds.

CorVel Company 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.