Crawford & Company (NYSE:CRD.B) Shares Gap Down - Should You Sell?

Shares of Crawford & Company (NYSE:CRD.B - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $10.75, but opened at $10.12. Crawford & Company shares last traded at $10.66, with a volume of 609 shares.

Crawford & Company Trading Down 1.1%

The company has a market cap of $492.07 million, a P/E ratio of 24.88 and a beta of 0.77. The business has a fifty day simple moving average of $10.49 and a 200 day simple moving average of $11.05. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.28 and a current ratio of 1.28.

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, beating analysts' consensus estimates of $0.20 by $0.01. The business had revenue of $312.03 million during the quarter, compared to the consensus estimate of $321.90 million. Crawford & Company had a net margin of 1.55% and a return on equity of 22.34%. Analysts anticipate that Crawford & Company will post 0.83 earnings per share for the current fiscal year.

Crawford & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders 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 2.81%. Crawford & Company's dividend payout ratio is currently 46.67%.

Insider Activity at Crawford & Company

In related news, CFO William B. Swain, Jr. sold 9,659 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $10.85, for a total value of $104,800.15. Following the completion of the sale, the chief financial officer now owns 319,331 shares of the company's stock, valued at $3,464,741.35. This represents a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Tami E. Stevenson sold 4,100 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $11.81, for a total transaction of $48,421.00. Following the completion of the transaction, the senior vice president now owns 35,732 shares of the company's stock, valued at $421,994.92. This represents a 10.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,309 shares of company stock worth $408,907 in the last ninety days. 51.04% of the stock is owned by insiders.

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.