CorVel Corp. (NASDAQ:CRVL) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp cut its holdings in CorVel Corp. (NASDAQ:CRVL - Free Report) by 1.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 677,830 shares of the business services provider's stock after selling 12,223 shares during the period. Boston Trust Walden Corp owned about 1.32% of CorVel worth $75,897,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CRVL. Allspring Global Investments Holdings LLC boosted its position in shares of CorVel by 32,000.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,247 shares of the business services provider's stock worth $245,000 after buying an additional 2,240 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of CorVel by 200.0% in the 4th quarter. New York State Teachers Retirement System now owns 26,172 shares of the business services provider's stock worth $2,912,000 after buying an additional 17,448 shares in the last quarter. Rhumbline Advisers boosted its position in shares of CorVel by 210.6% in the 4th quarter. Rhumbline Advisers now owns 84,724 shares of the business services provider's stock worth $9,426,000 after buying an additional 57,445 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of CorVel by 176.9% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 17,574 shares of the business services provider's stock worth $1,955,000 after buying an additional 11,228 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of CorVel by 210.2% in the 4th quarter. Principal Financial Group Inc. now owns 139,836 shares of the business services provider's stock worth $15,558,000 after buying an additional 94,751 shares in the last quarter. 51.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of CorVel from a "hold" rating to a "buy" rating in a report on Friday, April 18th.

Insider Buying and Selling at CorVel

In other news, Director Jeffrey J. Michael sold 16,523 shares of the stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $116.99, for a total transaction of $1,933,025.77. Following the transaction, the director now directly owns 551,787 shares in the company, valued at $64,553,561.13. This represents a 2.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Maxim Shishin sold 2,400 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $108.09, for a total transaction of $259,416.00. Following the transaction, the insider now owns 7,050 shares in the company, valued at approximately $762,034.50. The trade was a 25.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,602 shares of company stock worth $3,379,049. Corporate insiders own 47.57% of the company's stock.

CorVel Price Performance

NASDAQ:CRVL traded down $0.39 on Friday, reaching $102.11. The stock had a trading volume of 180,794 shares, compared to its average volume of 119,739. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 55.60 and a beta of 1.02. The firm's fifty day moving average is $110.65 and its two-hundred day moving average is $115.09. CorVel Corp. has a 12-month low of $81.46 and a 12-month high of $128.61.

CorVel (NASDAQ:CRVL - Get Free Report) last released its earnings results on Thursday, May 22nd. The business services provider reported $0.51 earnings per share (EPS) for the quarter. The company had revenue of $231.51 million for the quarter. CorVel had a net margin of 10.63% and a return on equity of 32.55%.

About CorVel

CorVel Corporation provides workers' compensation, auto, liability, and health solutions. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. The company also offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement, retrospective utilization review, facility claim review, professional review, pharmacy, directed care, clearinghouse, independent medical examination, and inpatient medical bill review services, as well as Medicare solutions.