Crawford & Company (NYSE:CRD.B) Shares Up 4.6% - What's Next?

Key Points

• Crawford & Company's share price increased by 4.6% to $10.27 during mid-day trading, although the trading volume was down 41% from the average.
• The company reported an earnings per share (EPS) of $0.22 for the recent quarter, missing estimates, with revenue slightly below expectations at $323 million.
• Crawford & Company announced a dividend increase to $0.075 per share, effective August 29th, representing an annual yield of 2.9% and a payout ratio of 50.85%.

Crawford & Company (NYSE:CRD.B - Get Free Report)'s share price shot up 4.6% during trading on Tuesday . The stock traded as high as $10.15 and last traded at $10.27. 3,257 shares were traded during trading, a decline of 41% from the average session volume of 5,475 shares. The stock had previously closed at $9.81.

Crawford & Company Stock Performance

The stock has a market cap of $571.85 million, a PE ratio of 19.53 and a beta of 0.79. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.16. The firm has a 50 day moving average price of $10.11 and a 200 day moving average price of $10.52.

Crawford & Company (NYSE:CRD.B - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The business services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.02). The firm had revenue of $323.00 million for the quarter, compared to analysts' expectations of $330.99 million. Crawford & Company had a net margin of 2.18% and a return on equity of 25.91%. As a group, research analysts forecast that Crawford & Company will post 0.83 earnings per share for the current year.

Crawford & Company Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.075 per share. This is an increase from Crawford & Company's previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, August 15th. Crawford & Company's payout ratio is 50.85%.

Insider Activity at Crawford & Company

In other news, SVP Tami E. Stevenson sold 4,900 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $10.21, for a total transaction of $50,029.00. Following the transaction, the senior vice president owned 26,282 shares in the company, valued at approximately $268,339.22. This trade represents a 15.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 51.04% of the company's stock.

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.