Crawford & Company (NYSE:CRD.B) Sets New 52-Week High - Here's Why

Key Points

• Crawford & Company shares reached a new 52-week high of $12.65 during Tuesday trading, above its 50-day and 200-day moving averages of $10.51 and $10.25, respectively.
• The company’s latest quarterly earnings beat expectations, with EPS of $0.38 versus the $0.27 consensus estimate, although revenue of $321.44 million fell short of forecasts.
• Analyst sentiment remains cautious: Zacks Research upgraded the stock from “strong sell” to “hold,” while insiders have sold 32,000 shares over the past three months; insiders still own 51.04% of the company.

Crawford & Company (NYSE:CRD.B - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $12.65 and last traded at $12.1040, with a volume of 12386 shares traded. The stock had previously closed at $12.43.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Crawford & Company from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Crawford & Company currently has a consensus rating of "Hold".

Crawford & Company Stock Performance

The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.82. The company's 50-day moving average is $10.51 and its two-hundred day moving average is $10.25. The stock has a market capitalization of $588.38 million, a P/E ratio of 25.22 and a beta of 0.60.

Crawford & Company (NYSE:CRD.B - Get Free Report) last posted its earnings results 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. The firm had revenue of $321.44 million during the quarter, compared to analysts' expectations of $336.09 million. Crawford & Company had a net margin of 1.81% and a return on equity of 28.15%. As a group, sell-side analysts anticipate that Crawford & Company will post 1.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Andrew John Bart sold 14,005 shares of the business's stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $10.32, for a total value of $144,531.60. Following the sale, the executive vice president owned 113,390 shares of the company's stock, valued at approximately $1,170,184.80. The trade was a 10.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 32,000 shares of company stock valued at $327,140 in the last three months. Corporate insiders own 51.04% of the company's stock.

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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