Crawford & Company (NYSE:CRD.A) Stock Breaks Above 200-Day Moving Average - What's Next?

Key Points

• Crawford & Company shares broke above their 200-day moving average, reaching $12.62 and recently trading at $12.51 versus the $11.23 long-term average.
• Analyst sentiment improved after Wall Street Zen upgraded the stock to “strong buy.” MarketBeat reports an overall “Buy” rating and an average price target of $14.00.
• Recent insider activity was notably negative: insiders sold more than 1.02 million shares worth approximately $13.1 million over 90 days, including a 1-million-share sale by major shareholder Jesse Crawford.

Crawford & Company (NYSE:CRD.A - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $11.23 and traded as high as $12.62. Crawford & Company shares last traded at $12.51, with a volume of 92,313 shares changing hands.

Analyst Upgrades and Downgrades

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

Crawford & Company Trading Up 0.6%

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 stock has a market capitalization of $608.11 million, a price-to-earnings ratio of 26.62 and a beta of 0.83. The business has a 50 day simple moving average of $12.49 and a 200-day simple moving average of $11.23.

Crawford & Company (NYSE:CRD.A - Get Free Report) last posted 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 company had revenue of $321.44 million during the quarter.

Insider Activity at Crawford & Company

In related news, major shareholder Jesse Crawford sold 1,000,000 shares of the company's 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 completion of the transaction, the insider owned 4,447,188 shares of the company's stock, valued at approximately $56,968,478.28. This represents a 18.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Andrew Bart sold 10,118 shares of Crawford & Company stock in a transaction 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 completion of the transaction, the executive vice president owned 101,277 shares in the company, valued at approximately $1,333,818.09. This trade represents a 9.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,020,093 shares of company stock valued at $13,075,773 in the last ninety days. 54.27% of the stock is currently owned by company insiders.

Crawford & Company Company Profile

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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