Crawford & Company (NYSE:CRD.A) Shares Pass Above 200 Day Moving Average - Should You Sell?

Key Points

• Crawford & Company shares rose above their 200-day moving average, reaching $13.14 and last trading near $13.02, compared with a 200-day average of $11.15.
• Analyst sentiment is positive: the stock has an average “Buy” rating and a $14.00 price target, while Wall Street Zen upgraded it to “strong buy.”
• Insiders sold more than 1 million shares worth approximately $13.1 million during the quarter, including a 1-million-share sale by major shareholder Jesse Crawford.

Crawford & Company (NYSE:CRD.A - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.15 and traded as high as $13.14. Crawford & Company shares last traded at $13.0220, with a volume of 119,365 shares.

Wall Street Analysts Forecast Growth

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

Crawford & Company Price Performance

The business's 50-day simple moving average is $12.31 and its 200-day simple moving average is $11.15. The stock has a market cap of $633.00 million, a PE ratio of 27.71 and a beta of 0.83. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.82.

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

Insider Activity at Crawford & Company

In other Crawford & Company news, EVP Andrew Bart sold 3,305 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $13.36, for a total value of $44,154.80. Following the completion of the sale, the executive vice president owned 86,395 shares in the company, valued at approximately $1,154,237.20. This trade represents a 3.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 sale, the insider 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. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,020,093 shares of company stock valued at $13,075,773. Company insiders own 54.27% of the company's stock.

About Crawford & Company

Crawford & Company is a global provider of claims management and related services for the insurance market. The company works with insurance carriers, brokers, corporations and other self-insured organizations to manage claims throughout the claims life cycle, including loss assessment, investigation, adjustment, administration and resolution.

Its services include property and casualty claims adjusting, workers' compensation and liability claims management, third-party administration, catastrophe response, medical management and claims consulting.

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