Nuveen Asset Management LLC Acquires 40,715 Shares of CorVel Co. (NASDAQ:CRVL)

Nuveen Asset Management LLC lifted its holdings in CorVel Co. (NASDAQ:CRVL - Free Report) by 116.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,621 shares of the business services provider's stock after acquiring an additional 40,715 shares during the period. Nuveen Asset Management LLC owned approximately 0.15% of CorVel worth $8,414,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of CorVel by 193.7% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,714,351 shares of the business services provider's stock valued at $635,779,000 after acquiring an additional 3,768,440 shares during the period. Vanguard Group Inc. increased its stake in CorVel by 202.1% in the fourth quarter. Vanguard Group Inc. now owns 3,281,649 shares of the business services provider's stock valued at $365,116,000 after purchasing an additional 2,195,466 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of CorVel by 184.1% during the fourth quarter. Renaissance Technologies LLC now owns 1,858,830 shares of the business services provider's stock valued at $206,813,000 after purchasing an additional 1,204,611 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of CorVel by 187.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,545,619 shares of the business services provider's stock valued at $171,969,000 after purchasing an additional 1,007,651 shares during the period. Finally, Neuberger Berman Group LLC boosted its position in shares of CorVel by 204.6% during the 4th quarter. Neuberger Berman Group LLC now owns 845,531 shares of the business services provider's stock worth $94,074,000 after purchasing an additional 567,984 shares in the last quarter. 51.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised CorVel from a "hold" rating to a "buy" rating in a research note on Friday, April 18th.

CorVel Price Performance

Shares of NASDAQ:CRVL traded up $0.97 during trading on Friday, reaching $111.70. 227,132 shares of the stock were exchanged, compared to its average volume of 120,287. CorVel Co. has a 1-year low of $76.53 and a 1-year high of $128.61. The stock has a fifty day moving average of $112.18 and a two-hundred day moving average of $116.53. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 65.71 and a beta of 1.10.

CorVel (NASDAQ:CRVL - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The business services provider reported $0.51 earnings per share (EPS) for the quarter. CorVel had a net margin of 10.12% and a return on equity of 32.22%. The firm had revenue of $231.51 million during the quarter.

Insider Transactions at CorVel

In related news, EVP Mark E. Bertels sold 900 shares of CorVel stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $113.34, for a total transaction of $102,006.00. Following the transaction, the executive vice president now owns 2,586 shares of the company's stock, valued at $293,097.24. The trade was a 25.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey J. Michael sold 16,523 shares of the firm's stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $116.99, for a total value of $1,933,025.77. Following the transaction, the director now owns 551,787 shares in the company, valued at approximately $64,553,561.13. This trade represents a 2.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,408 shares of company stock valued at $2,597,264 over the last ninety days. 47.57% of the stock is currently owned by insiders.

CorVel Company Profile

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.