Crawford & Company (NYSE:CRD.B) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Crawford & Company's shares experienced a significant volume increase of 34%, with approximately 4,509 shares traded compared to 3,367 shares in the previous session.
• The company's stock price decreased by 3.2%, ending at $10.25, which is below its 50-day moving average of $10.25 and its 200-day average of $10.76.
• Crawford & Company recently announced a quarterly dividend of $0.07 per share, resulting in an annualized yield of 2.69% and a payout ratio of 46.67%.
• The company reported earnings per share of $0.21 for the last quarter, slightly beating analyst expectations of $0.20, but revenue was below estimates at $312.03 million.

Crawford & Company (NYSE:CRD.B - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 4,509 shares traded hands during mid-day trading, an increase of 34% from the previous session's volume of 3,367 shares.The stock last traded at $10.25 and had previously closed at $10.76.

Crawford & Company Stock Performance

The company has a market capitalization of $487.53 million, a PE ratio of 16.43 and a beta of 0.77. 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 stock's fifty day simple moving average is $10.22 and its 200-day simple moving average is $10.76.

Crawford & Company (NYSE:CRD.B - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The business services provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $312.03 million for the quarter, compared to analyst estimates of $321.90 million. Crawford & Company had a net margin of 2.25% and a return on equity of 27.77%. As a group, equities analysts predict that Crawford & Company will post 0.83 earnings per share for the current year.

Crawford & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were issued a $0.07 dividend. The ex-dividend date was Friday, May 23rd. This represents a $0.28 annualized dividend and a yield of 2.84%. Crawford & Company's payout ratio is 46.67%.

Insider Buying and Selling

In related news, SVP Tami E. Stevenson sold 4,900 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $10.21, for a total value of $50,029.00. Following the transaction, the senior vice president owned 26,282 shares in the company, valued at approximately $268,339.22. This trade represents a 15.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 51.04% of the company's stock.

About Crawford & Company

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.