Crawford & Company (NYSE:CRD.B) Sees Large Volume Increase - Here's What Happened

Key Points

• Crawford & Company shares rose 2.8% to $12.379, while trading volume increased 40% to approximately 18,761 shares.
• Zacks Research upgraded the stock to “strong buy,” and the company reported quarterly EPS of $0.38, exceeding analyst expectations of $0.27, despite revenue falling short of estimates.
• Insiders sold more than 1 million shares worth approximately $13.0 million during the past quarter, including a 1 million-share sale by major shareholder Jesse C. Crawford.

Crawford & Company (NYSE:CRD.B - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 18,761 shares changed hands during mid-day trading, an increase of 40% from the previous session's volume of 13,363 shares.The stock last traded at $12.3790 and had previously closed at $12.24.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Crawford & Company from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company has an average rating of "Strong Buy".

Crawford & Company Stock Up 2.8%

The firm has a market cap of $611.66 million, a PE ratio of 26.22 and a beta of 0.60. The business's 50 day moving average price is $10.86 and its 200 day moving average price is $10.37. 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 - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The business services provider reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.11. The firm had revenue of $321.44 million during the quarter, compared to the consensus estimate of $336.09 million. Crawford & Company had a net margin of 1.81% and a return on equity of 28.15%. On average, equities research analysts expect that Crawford & Company will post 1.05 earnings per share for the current year.

Insider Activity at Crawford & Company

In other Crawford & Company news, EVP Andrew John Bart sold 3,118 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $13.02, for a total transaction of $40,596.36. Following the completion of the transaction, the executive vice president owned 94,607 shares of the company's stock, valued at $1,231,783.14. This represents a 3.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Jesse C. Crawford sold 1,000,000 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $12.81, for a total value of $12,810,000.00. Following the completion of the transaction, the insider owned 4,447,188 shares in the company, valued at approximately $56,968,478.28. This trade represents a 18.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,016,788 shares of company stock valued at $13,031,618. 51.04% of the stock is owned by company insiders.

Crawford & Company Company Profile

Crawford & Company NYSE: CRD.B is an independent provider of claims management and risk solutions to insurance carriers and self-insured entities worldwide. The company's services span property and casualty claims adjusting, third-party administration, managed repair, catastrophe response, and risk consulting. Through its network of professionals, Crawford & Company assists clients in streamlining claims processes, controlling costs, and improving customer satisfaction across diverse lines of business.

Founded in 1941 by James O.

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