Crawford & Company (NYSE:CRD.B) Shares Gap Up - Here's What Happened

Crawford & Company (NYSE:CRD.B - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $9.86, but opened at $10.73. Crawford & Company shares last traded at $10.22, with a volume of 348 shares.

Crawford & Company Stock Performance

The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $493.55 million, a price-to-earnings ratio of 24.95 and a beta of 0.77. The stock has a fifty day moving average price of $10.32 and a 200-day moving average price of $10.97.

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

Crawford & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Friday, May 23rd. Crawford & Company's dividend payout ratio is 46.67%.

Insider Activity at Crawford & Company

In other Crawford & Company news, SVP Tami E. Stevenson sold 4,100 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $11.81, for a total value of $48,421.00. Following the sale, the senior vice president now owns 35,732 shares in the company, valued at $421,994.92. This trade represents a 10.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Andrew John Bart sold 20,000 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $10.30, for a total transaction of $206,000.00. Following the transaction, the executive vice president now owns 126,587 shares of the company's stock, valued at $1,303,846.10. This trade represents a 13.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,209 shares of company stock worth $458,936. 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.