Crawford & Company (NYSE:CRD.A) Shares Break Above Two Hundred Day Moving Average - Here's Why

Key Points

• Crawford & Company shares broke above their 200-day moving average, reaching $12.79 before closing near $12.46. The stock’s 200-day average was $11.54, while its consensus analyst target was $14.00.
• The company reported quarterly EPS of $0.38 on revenue of $321.44 million, with a 28.15% return on equity and a 1.81% net margin. Analysts currently have a consensus “Buy” rating.
• Insiders sold more than 1 million shares worth approximately $13.1 million over the prior three months, including a 1-million-share sale by major shareholder Jesse C. Crawford; insiders still own 54.27% of the company.

Shares of Crawford & Company (NYSE:CRD.A - Get Free Report) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $11.54 and traded as high as $12.79. Crawford & Company shares last traded at $12.4550, with a volume of 31,489 shares trading hands.

Analyst Ratings Changes

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

Crawford & Company Trading Up 0.4%

The firm has a 50-day moving average of $12.82 and a two-hundred day moving average of $11.54. The firm has a market capitalization of $605.44 million, a P/E ratio of 26.50 and a beta of 0.80. 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 (NYSE:CRD.A - Get Free Report) last released its earnings results on Monday, August 3rd. The business services provider reported $0.38 earnings per share (EPS) for the quarter. Crawford & Company had a return on equity of 28.15% and a net margin of 1.81%. The firm had revenue of $321.44 million for the quarter.

Insider Transactions at Crawford & Company

In related news, major shareholder Jesse C. Crawford sold 1,000,000 shares of Crawford & Company stock in a transaction that occurred 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 sale, the insider directly owned 4,447,188 shares of the company's stock, valued at approximately $56,968,478.28. The trade was a 18.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Andrew Bart sold 10,118 shares of Crawford & Company stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $13.17, for a total transaction of $133,254.06. Following the sale, the executive vice president directly owned 101,277 shares in the company, valued at $1,333,818.09. This trade represents a 9.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,020,093 shares of company stock valued at $13,075,773 in the last three months. Company insiders own 54.27% of the company's stock.

Crawford & Company Company Profile

Crawford & Company NYSE: CRD.A is a global provider of claims management and related outsourcing services for insurance companies, corporations, brokers and government entities. The company helps clients manage property, casualty and workers' compensation claims, from initial assessment and loss adjusting through settlement and resolution.

Its services include catastrophe response, property and casualty claims administration, third-party claims administration, workers' compensation management, medical management, disability and absence services, and legal settlement administration.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.