Crawford & Company (NYSE:CRD.B) Sees Large Volume Increase After Dividend Announcement

Crawford & Company (NYSE:CRD.B - Get Free Report) saw strong trading volume on Monday following a dividend announcement from the company. 26,075 shares changed hands during trading, an increase of 159% from the previous session's volume of 10,087 shares.The stock last traded at $10.64 and had previously closed at $10.15.

The newly announced dividend which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be given a dividend of $0.07 per share. The ex-dividend date is Friday, May 23rd. This represents a $0.28 annualized dividend and a dividend yield of 2.55%. Crawford & Company's dividend payout ratio is 46.67%.

Crawford & Company Price Performance

The business's 50 day moving average is $10.51 and its two-hundred day moving average is $11.09. The firm has a market cap of $542.76 million, a P/E ratio of 27.44 and a beta of 0.77. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.29.

Crawford & Company (NYSE:CRD.B - Get Free Report) last released its earnings results on Monday, May 5th. The business services provider reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. Crawford & Company had a net margin of 1.55% and a return on equity of 22.34%. The firm had revenue of $312.03 million for the quarter, compared to analysts' expectations of $321.90 million. As a group, analysts anticipate that Crawford & Company will post 0.83 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Andrew John Bart sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $10.30, for a total value of $206,000.00. Following the transaction, the executive vice president now owns 126,587 shares of the company's stock, valued at approximately $1,303,846.10. This trade represents a 13.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Tami E. Stevenson sold 4,550 shares of Crawford & Company stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $10.92, for a total transaction of $49,686.00. Following the sale, the senior vice president now owns 31,182 shares in the company, valued at approximately $340,507.44. The trade was a 12.73% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,309 shares of company stock valued at $408,907. Company insiders own 51.04% of the company's stock.

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.