Crawford & Company (NYSE:CRD.B) Trading 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 was up 4.6% during mid-day trading on Tuesday . The company traded as high as $10.15 and last traded at $10.27. Approximately 3,257 shares changed hands during trading, a decline of 41% from the average daily volume of 5,475 shares. The stock had previously closed at $9.81.

Crawford & Company Price Performance

The stock has a market cap of $511.74 million, a P/E ratio of 17.47 and a beta of 0.79. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.34 and a quick ratio of 1.34. The business's fifty day moving average price is $10.04 and its 200 day moving average price is $10.54.

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

Crawford & Company Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a $0.075 dividend. This is an increase from Crawford & Company's previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, August 15th. Crawford & Company's dividend payout ratio (DPR) is 50.85%.

Insiders Place Their Bets

In other Crawford & Company news, SVP Tami E. Stevenson sold 4,900 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $10.21, for a total value of $50,029.00. Following the sale, the senior vice president owned 26,282 shares in the company, valued at $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 available at this link. 51.04% of the stock is owned by corporate insiders.

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.

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