Crawford & Company (NYSE:CRD.B) Sets New 1-Year High - Here's Why

Key Points

• Crawford & Company shares reached a new 52-week high, trading as high as $12.70 and gaining 4.7%; the stock is above its 50-day and 200-day moving averages.
• Zacks Research upgraded the stock from “hold” to “strong buy,” while the broader analyst consensus is also “Strong Buy.” The company’s latest quarterly EPS of $0.38 exceeded estimates of $0.27, although revenue came in below expectations.
• Insiders sold 1.024 million shares worth approximately $13.1 million over the past three months, including a major shareholder’s sale of 1 million shares at an average price of $12.81.

Crawford & Company (NYSE:CRD.B - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $12.70 and last traded at $12.8680, with a volume of 10318 shares changing hands. The stock had previously closed at $12.47.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Crawford & Company from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Crawford & Company has a consensus rating of "Strong Buy".

Crawford & Company Stock Up 4.7%

The company has a 50-day moving average of $10.68 and a two-hundred day moving average of $10.30. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market capitalization of $634.85 million, a PE ratio of 27.21 and a beta of 0.60.

Crawford & Company (NYSE:CRD.B - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The business services provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.27 by $0.11. Crawford & Company had a return on equity of 28.15% and a net margin of 1.81%.The firm had revenue of $321.44 million for the quarter, compared to the consensus estimate of $336.09 million. Sell-side analysts anticipate that Crawford & Company will post 1.05 earnings per share for the current fiscal year.

Insider Activity at Crawford & Company

In other Crawford & Company news, EVP Andrew John Bart sold 14,005 shares of Crawford & Company stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $10.32, for a total transaction of $144,531.60. Following the transaction, the executive vice president owned 113,390 shares of the company's stock, valued at $1,170,184.80. The trade was a 10.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Jesse C. Crawford sold 1,000,000 shares of Crawford & Company stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $12.81, for a total transaction of $12,810,000.00. Following the transaction, the insider directly owned 4,447,188 shares in the company, valued at $56,968,478.28. This represents a 18.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,024,000 shares of company stock valued at $13,056,260 over the last three months. 51.04% of the stock is currently owned by insiders.

About Crawford & Company

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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