Crawford & Company (NYSE:CRD.B) Issues Quarterly Earnings Results

Key Points

• Crawford & Company reported an EPS of $0.22, missing analysts' expectations of $0.24 by $0.02.
• The company announced a dividend increase to $0.075 per share, up from the previous $0.07, with a dividend yield of 3.2%.
• Insider Tami E. Stevenson sold 4,900 shares of stock, representing a 15.71% decrease in her position.

Crawford & Company (NYSE:CRD.B - Get Free Report) released its quarterly earnings data on Monday. The business services provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.02), Zacks reports. The firm had revenue of $323.00 million during the quarter, compared to analyst estimates of $330.99 million. Crawford & Company had a net margin of 2.18% and a return on equity of 26.62%.

Crawford & Company Trading Up 2.0%

NYSE:CRD.B traded up $0.18 on Wednesday, reaching $9.35. The company's stock had a trading volume of 434 shares, compared to its average volume of 5,631. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $462.36 million, a PE ratio of 15.85 and a beta of 0.79. Crawford & Company has a 1-year low of $8.59 and a 1-year high of $12.50. The business's 50-day moving average price is $10.13 and its two-hundred day moving average price is $10.68.

Crawford & Company Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a $0.075 dividend. This is an increase from Crawford & Company's previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.2%. Crawford & Company's dividend payout ratio (DPR) is currently 46.67%.

Insiders Place Their Bets

In related news, SVP Tami E. Stevenson sold 4,900 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $10.21, for a total transaction of $50,029.00. Following the completion of the sale, the senior vice president directly owned 26,282 shares in the company, valued at $268,339.22. This represents a 15.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 51.04% of the stock is currently owned by corporate insiders.

Crawford & Company Company Profile

Crawford & Co engages in the provision of claims management and outsourcing solutions to carriers, brokers, and corporates. It operates through the following segments: Crawford Loss Adjusting, Crawford TPA Solutions, and Crawford Platform Solutions. The Crawford Loss Adjusting segment consists of adjusting services provided to insurance companies and self-insured entities related to property and casualty losses caused by physical damage to commercial and residential real property and certain types of personal property.