Russell Investments Group Ltd. Has $8.37 Million Stock Holdings in CorVel Corp. $CRVL

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 holdings in CorVel Corp. (NASDAQ:CRVL - Free Report) by 44.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,730 shares of the business services provider's stock after purchasing an additional 23,095 shares during the period. Russell Investments Group Ltd. owned approximately 0.15% of CorVel worth $8,368,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CRVL. Dimensional Fund Advisors LP raised its position in CorVel by 187.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,545,619 shares of the business services provider's stock worth $171,969,000 after purchasing an additional 1,007,651 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in CorVel by 198.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 625,612 shares of the business services provider's stock worth $69,607,000 after buying an additional 415,939 shares during the last quarter. Northern Trust Corp grew its stake in CorVel by 210.8% during the fourth quarter. Northern Trust Corp now owns 379,743 shares of the business services provider's stock worth $42,250,000 after buying an additional 257,561 shares during the last quarter. Janus Henderson Group PLC grew its stake in CorVel by 230.2% during the fourth quarter. Janus Henderson Group PLC now owns 136,908 shares of the business services provider's stock worth $15,233,000 after buying an additional 95,445 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its stake in CorVel by 6,621.8% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 85,434 shares of the business services provider's stock worth $9,505,000 after buying an additional 84,163 shares during the last quarter. Institutional investors and hedge funds own 51.36% of the company's stock.

Insider Activity

In other news, EVP Mark E. Bertels sold 900 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $113.34, for a total transaction of $102,006.00. Following the sale, the executive vice president directly owned 2,586 shares of the company's stock, valued at $293,097.24. This represents a 25.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brandon O'brien sold 3,957 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $108.46, for a total transaction of $429,176.22. Following the sale, the chief financial officer directly owned 11,804 shares in the company, valued at $1,280,261.84. This trade represents a 25.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,079 shares of company stock valued at $1,446,023. Corporate insiders own 44.56% of the company's stock.

CorVel Trading Up 0.8%

Shares of CorVel stock opened at $89.51 on Wednesday. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 46.14 and a beta of 0.95. CorVel Corp. has a 1-year low of $85.13 and a 1-year high of $128.61. The firm's 50-day moving average price is $95.98 and its two-hundred day moving average price is $106.40.

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

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.

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