Insider Selling: Crawford & Company (NYSE:CRD.A) Major Shareholder Sells 1,000,000 Shares

Key Points

• Major shareholder Jesse Crawford sold 1 million shares of Crawford & Company at an average price of $12.81, generating $12.81 million and reducing their ownership by 18.36% to 4.45 million shares.
• Crawford & Company shares traded at $13.20, near their 52-week high of $13.79, while the company reported quarterly EPS of $0.38 on revenue of $321.44 million.
• Analyst sentiment remains positive: Wall Street Zen upgraded the stock to “strong buy,” while the broader consensus is “Buy” with an average price target of $14.00.

Crawford & Company (NYSE:CRD.A - Get Free Report) major shareholder Jesse Crawford sold 1,000,000 shares of Crawford & Company stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $12.81, for a total value of $12,810,000.00. Following the completion of the transaction, the insider directly owned 4,447,188 shares in the company, valued at approximately $56,968,478.28. This represents a 18.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

Crawford & Company Stock Performance

Shares of CRD.A traded down $0.01 during mid-day trading on Tuesday, hitting $13.20. The company's stock had a trading volume of 47,610 shares, compared to its average volume of 59,145. Crawford & Company has a one year low of $8.89 and a one year high of $13.79. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market capitalization of $641.75 million, a PE ratio of 28.09 and a beta of 0.79. The stock's 50-day moving average is $11.29 and its two-hundred day moving average is $10.71.

Crawford & Company (NYSE:CRD.A - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The business services provider reported $0.38 earnings per share (EPS) for the quarter. The business had revenue of $321.44 million for the quarter. Crawford & Company had a net margin of 1.81% and a return on equity of 28.15%.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Crawford & Company from a "buy" rating to a "strong-buy" rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $14.00.

Crawford & Company Company Profile

Crawford & Company provides claims management and outsourcing solutions to the risk management and insurance industry, and self-insured entities. The company's Crawford Claims Solutions segment offers claims management services related to property, casualty, and catastrophe losses caused by physical damage to commercial and residential real properties, and personal properties, as well as marine losses. It also offers services in the areas of field investigation, catastrophe, evaluation, and resolution of property and casualty insurance claims; and various on-demand inspection, verification, and other task specific field services for businesses and consumers through a mobile platform.

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