Crawford & Company (NYSE:CRD.B) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Crawford & Company’s trading volume rose 12% to 15,254 shares, while the stock fell 1.2% to $11.87 from its prior close of $12.22.
• Zacks Research upgraded the stock from “hold” to “strong buy.” The company also beat quarterly EPS expectations, reporting $0.38 versus the $0.27 consensus, although revenue came in below forecasts.
• 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.B - Get Free Report) saw unusually-high trading volume on Monday . 15,254 shares traded hands during trading, an increase of 12% from the previous session's volume of 13,561 shares.The stock last traded at $11.87 and had previously closed at $12.22.

Analyst Ratings Changes

Separately, Zacks Research raised Crawford & Company from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Strong Buy".

Crawford & Company Stock Down 1.2%

The firm has a market cap of $586.67 million, a PE ratio of 25.15 and a beta of 0.60. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.19 and a current ratio of 1.19. The company's 50-day simple moving average is $11.03 and its two-hundred day simple moving average is $10.42.

Crawford & Company (NYSE:CRD.B - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The business services provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.11. The firm had revenue of $321.44 million for the quarter, compared to analysts' expectations of $336.09 million. Crawford & Company had a net margin of 1.81% and a return on equity of 28.15%. On average, analysts predict that Crawford & Company will post 1.05 earnings per share for the current fiscal year.

Insider Transactions at Crawford & Company

In other Crawford & Company news, EVP Andrew John Bart sold 10,118 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $13.17, for a total value of $133,254.06. Following the completion of the sale, 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. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Jesse C. 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 90 days, insiders have sold 1,020,093 shares of company stock worth $13,075,773. 51.04% of the stock is owned by company insiders.

About Crawford & Company

Crawford & Company NYSE: CRD.B is an independent provider of claims management and risk solutions to insurance carriers and self-insured entities worldwide. The company's services span property and casualty claims adjusting, third-party administration, managed repair, catastrophe response, and risk consulting. Through its network of professionals, Crawford & Company assists clients in streamlining claims processes, controlling costs, and improving customer satisfaction across diverse lines of business.

Founded in 1941 by James O.

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