Insider Selling: Crawford & Company (NYSE:CRD.B) 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. The sale reduced the shareholder’s position by 18.36%, leaving 4.45 million shares valued at roughly $57 million.
• Crawford & Company shares rose 1.5% to $12.27, near the stock’s 52-week high of $12.65. The company has a market capitalization of approximately $596 million.
• The company reported quarterly EPS of $0.38, exceeding the $0.27 analyst consensus, although revenue of $321.44 million fell short of expectations. Zacks Research subsequently upgraded the stock from “hold” to “strong buy.”

Crawford & Company (NYSE:CRD.B - Get Free Report) major shareholder Jesse Crawford sold 1,000,000 shares of Crawford & Company stock in a transaction on Monday, August 10th. The shares were sold at an average price of $12.81, for a total transaction of $12,810,000.00. Following the completion of the sale, the insider owned 4,447,188 shares in the company, valued at approximately $56,968,478.28. This trade represents a 18.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Crawford & Company Trading Up 1.5%

NYSE CRD.B traded up $0.18 during trading on Tuesday, hitting $12.27. The company had a trading volume of 5,910 shares, compared to its average volume of 13,029. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.82. Crawford & Company has a one year low of $8.78 and a one year high of $12.65. The company has a market cap of $596.49 million, a price-to-earnings ratio of 25.57 and a beta of 0.60. The company's fifty day moving average is $10.51 and its 200-day moving average is $10.25.

Crawford & Company (NYSE:CRD.B - Get Free Report) last posted its earnings results on Monday, August 3rd. The business services provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.27 by $0.11. The firm had revenue of $321.44 million during the quarter, compared to analysts' expectations of $336.09 million. Crawford & Company had a net margin of 1.81% and a return on equity of 28.15%. On average, sell-side analysts predict that Crawford & Company will post 1.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Crawford & Company from a "hold" rating to a "strong-buy" rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Crawford & Company presently has an average rating of "Strong Buy".

About Crawford & Company

Crawford & Company NYSE: CRD.B is an independent provider of claims management and risk solutions to insurance carriers and self-insured entities worldwide. The company's services span property and casualty claims adjusting, third-party administration, managed repair, catastrophe response, and risk consulting. Through its network of professionals, Crawford & Company assists clients in streamlining claims processes, controlling costs, and improving customer satisfaction across diverse lines of business.

Founded in 1941 by James O.

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