Crawford & Company (NYSE:CRD.A) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Crawford & Company shares moved above their 200-day moving average of $11.03, reaching $13.56 before closing at $13.24; the stock was down 1.5% in the session.
• Analyst sentiment is positive: Wall Street Zen upgraded the stock to “strong buy,” while the broader analyst consensus is “Buy” with a $14.00 price target.
• Despite reporting $0.38 in quarterly EPS and $321.44 million in revenue, insiders sold more than 1.02 million shares worth approximately $13.1 million over the past 90 days, including a 1-million-share sale by major shareholder Jesse C. Crawford.

Crawford & Company (NYSE:CRD.A - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.03 and traded as high as $13.56. Crawford & Company shares last traded at $13.24, with a volume of 22,564 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Crawford & Company from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $14.00.

Crawford & Company Trading Down 1.5%

The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.82. The company has a 50-day simple moving average of $12.07 and a 200 day simple moving average of $11.03. The firm has a market cap of $643.60 million, a PE ratio of 28.17 and a beta of 0.83.

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

Insider Buying and Selling at Crawford & Company

In other Crawford & Company news, EVP Andrew Bart sold 3,305 shares of the company's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $13.36, for a total value of $44,154.80. Following the completion of the transaction, the executive vice president owned 86,395 shares in the company, valued at approximately $1,154,237.20. This represents a 3.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Jesse C. Crawford sold 1,000,000 shares of the company's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $12.81, for a total transaction of $12,810,000.00. Following the completion of the transaction, the insider owned 4,447,188 shares of the company's stock, valued at approximately $56,968,478.28. This trade represents a 18.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,020,093 shares of company stock worth $13,075,773. 54.27% of the stock is owned by company insiders.

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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