Crawford & Company (NYSE:CRD.A) Hits New 52-Week High - Time to Buy?

Key Points

• Crawford & Company reached a new 52-week high, trading as high as $13.79, while its average analyst rating remained “Buy” with a consensus price target of $14.00.
• The company reported quarterly EPS of $0.38 on revenue of $321.44 million, with a 1.81% net margin and 28.15% return on equity.
• Insiders have been selling shares, including an executive vice president’s sale of 14,005 shares; insiders still own approximately 54.27% of the company.

Crawford & Company (NYSE:CRD.A - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $13.79 and last traded at $13.7310, with a volume of 151818 shares trading hands. The stock had previously closed at $13.77.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Crawford & Company from a "buy" rating to a "strong-buy" rating in a report on Saturday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $14.00.

Crawford & Company Trading Down 1.3%

The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.82. The company's fifty day moving average price is $11.24 and its two-hundred day moving average price is $10.70. The firm has a market cap of $660.61 million, a PE ratio of 28.92 and a beta of 0.79.

Crawford & Company (NYSE:CRD.A - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The business services provider reported $0.38 earnings per share (EPS) for the quarter. Crawford & Company had a net margin of 1.81% and a return on equity of 28.15%. The firm had revenue of $321.44 million during the quarter.

Insider Activity

In other news, EVP Andrew John Bart sold 14,005 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $10.32, for a total transaction of $144,531.60. Following the completion of the transaction, the executive vice president directly owned 113,390 shares of the company's stock, valued at approximately $1,170,184.80. This represents a 10.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 32,000 shares of company stock worth $327,140. Corporate insiders own 54.27% of the company's stock.

About Crawford & Company

Crawford & Company provides claims management and outsourcing solutions to the risk management and insurance industry, and self-insured entities. The company's Crawford Claims Solutions segment offers claims management services related to property, casualty, and catastrophe losses caused by physical damage to commercial and residential real properties, and personal properties, as well as marine losses. It also offers services in the areas of field investigation, catastrophe, evaluation, and resolution of property and casualty insurance claims; and various on-demand inspection, verification, and other task specific field services for businesses and consumers through a mobile platform.

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