CorVel Co. (NASDAQ:CRVL) Stock Position Raised by Man Group plc

Man Group plc boosted its stake in CorVel Co. (NASDAQ:CRVL - Free Report) by 162.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,774 shares of the business services provider's stock after buying an additional 9,756 shares during the period. Man Group plc's holdings in CorVel were worth $1,755,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. LGT Financial Advisors LLC increased its holdings in shares of CorVel by 200.0% in the 4th quarter. LGT Financial Advisors LLC now owns 255 shares of the business services provider's stock worth $28,000 after acquiring an additional 170 shares during the period. Bessemer Group Inc. grew its position in CorVel by 6,350.0% in the 4th quarter. Bessemer Group Inc. now owns 258 shares of the business services provider's stock worth $29,000 after purchasing an additional 254 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of CorVel by 45.9% in the fourth quarter. Fifth Third Bancorp now owns 321 shares of the business services provider's stock valued at $36,000 after purchasing an additional 101 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of CorVel in the fourth quarter valued at approximately $37,000. Finally, US Bancorp DE raised its holdings in shares of CorVel by 225.4% during the fourth quarter. US Bancorp DE now owns 384 shares of the business services provider's stock valued at $43,000 after buying an additional 266 shares during the last quarter. 51.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised 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 CorVel stock in a transaction that occurred 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 of the company's stock, valued at $64,553,561.13. The trade was a 2.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 47.57% of the stock is currently owned by corporate insiders.

CorVel Stock Performance

Shares of NASDAQ:CRVL traded up $0.96 on Thursday, hitting $111.40. The company's stock had a trading volume of 11,351 shares, compared to its average volume of 119,925. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 65.53 and a beta of 1.10. CorVel Co. has a 12 month low of $76.53 and a 12 month high of $128.61. The stock's 50-day moving average is $112.18 and its two-hundred day moving average is $116.60.

CorVel (NASDAQ:CRVL - Get Free Report) last announced its earnings results 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.

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.