CorVel Co. (NASDAQ:CRVL) Shares Purchased by MetLife Investment Management LLC

MetLife Investment Management LLC lifted its holdings in CorVel Co. (NASDAQ:CRVL - Free Report) by 213.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,050 shares of the business services provider's stock after purchasing an additional 10,923 shares during the period. MetLife Investment Management LLC's holdings in CorVel were worth $1,786,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in CorVel by 152.8% in the 4th quarter. Victory Capital Management Inc. now owns 109,084 shares of the business services provider's stock worth $12,137,000 after purchasing an additional 65,940 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of CorVel by 297.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,900 shares of the business services provider's stock worth $768,000 after acquiring an additional 5,163 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of CorVel by 199.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,343 shares of the business services provider's stock worth $594,000 after acquiring an additional 3,558 shares during the last quarter. American Century Companies Inc. boosted its position in shares of CorVel by 200.8% during the 4th quarter. American Century Companies Inc. now owns 13,832 shares of the business services provider's stock valued at $1,539,000 after acquiring an additional 9,233 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of CorVel by 154.9% in the fourth quarter. Federated Hermes Inc. now owns 492 shares of the business services provider's stock valued at $55,000 after purchasing an additional 299 shares during the period. Hedge funds and other institutional investors own 51.36% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of CorVel from a "hold" rating to a "buy" rating in a research note on Friday, April 18th.

Insider Activity at CorVel

In other news, Director Steven J. Hamerslag sold 10,000 shares of CorVel stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $123.48, for a total transaction of $1,234,800.00. Following the completion of the sale, the director now directly owns 314,000 shares of the company's stock, valued at approximately $38,772,720. The trade was a 3.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan Hoops sold 10,200 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $116.39, for a total transaction of $1,187,178.00. Following the transaction, the director now owns 118,213 shares of the company's stock, valued at approximately $13,758,811.07. The trade was a 7.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,723 shares of company stock worth $5,757,140 in the last three months. 47.57% of the stock is owned by company insiders.

CorVel Price Performance

Shares of NASDAQ:CRVL traded up $3.06 during midday trading on Friday, reaching $112.03. 116,171 shares of the company's stock were exchanged, compared to its average volume of 119,204. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of 65.90 and a beta of 0.94. CorVel Co. has a fifty-two week low of $76.53 and a fifty-two week high of $128.61. The firm's 50 day simple moving average is $110.38 and its two-hundred day simple moving average is $115.72.

CorVel (NASDAQ:CRVL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The business services provider reported $0.46 earnings per share for the quarter. CorVel had a net margin of 10.12% and a return on equity of 32.22%.

CorVel 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.