CorVel Corp. $CRVL Shares Bought by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its holdings in CorVel Corp. by **44.7%**, owning approximately **$8.37 million** worth of stock after purchasing an additional 23,095 shares.
• Multiple institutional investors have significantly increased their stakes in CorVel, with some, like Dimensional Fund Advisors, raising their positions by over **200%** in the past quarter.
• In recent insider activity, two executives sold a combined total of **4,857 shares**, indicating a **25% decrease** in their ownership, as corporate insiders now own about **44.56%** of the company's stock.

Russell Investments Group Ltd. increased its stake in shares of CorVel Corp. (NASDAQ:CRVL - Free Report) by 44.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,730 shares of the business services provider's stock after buying an additional 23,095 shares during the quarter. Russell Investments Group Ltd. owned about 0.15% of CorVel worth $8,368,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CRVL. Meeder Asset Management Inc. bought a new position in shares of CorVel during the first quarter worth about $25,000. LGT Financial Advisors LLC boosted its stake in CorVel by 200.0% during the 4th quarter. LGT Financial Advisors LLC now owns 255 shares of the business services provider's stock valued at $28,000 after purchasing an additional 170 shares during the period. von Borstel & Associates Inc. bought a new position in CorVel in the 1st quarter worth about $28,000. Allworth Financial LP grew its position in CorVel by 4,000.0% in the 1st quarter. Allworth Financial LP now owns 574 shares of the business services provider's stock worth $64,000 after purchasing an additional 560 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of CorVel by 58.6% in the first quarter. GAMMA Investing LLC now owns 685 shares of the business services provider's stock valued at $77,000 after purchasing an additional 253 shares during the period. 51.36% of the stock is currently owned by institutional investors.

Insider Activity at CorVel

In other CorVel news, CFO Brandon O'brien sold 3,957 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $108.46, for a total transaction of $429,176.22. Following the transaction, the chief financial officer owned 11,804 shares of the company's stock, valued at approximately $1,280,261.84. This trade represents a 25.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director R Judd Jessup sold 935 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $113.50, for a total transaction of $106,122.50. Following the sale, the director owned 129,519 shares in the company, valued at $14,700,406.50. This trade represents a 0.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,079 shares of company stock valued at $2,515,943. 44.56% of the stock is owned by corporate insiders.

CorVel Price Performance

Shares of NASDAQ CRVL traded down $2.19 during midday trading on Monday, hitting $90.45. 140,575 shares of the company's stock were exchanged, compared to its average volume of 155,520. The stock's 50 day moving average price is $94.79 and its 200-day moving average price is $105.42. The firm has a market cap of $4.64 billion, a P/E ratio of 46.62 and a beta of 0.95. CorVel Corp. has a twelve month low of $85.13 and a twelve month high of $128.61.

CorVel (NASDAQ:CRVL - Get Free Report) last posted its earnings results on Tuesday, August 5th. The business services provider reported $0.52 EPS for the quarter. CorVel had a return on equity of 32.31% and a net margin of 10.98%.

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.