Crawford & Company (NYSE:CRD.B) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Crawford & Company shares moved above their 200-day moving average, reaching $11.93 and last trading at $11.97, compared with the $10.93 average.
• Analyst sentiment is cautious: Zacks Research downgraded the stock from “strong buy” to “hold,” and the consensus rating is currently “Hold.”
• The company exceeded quarterly EPS expectations, reporting $0.38 versus the $0.27 estimate, but revenue fell short of forecasts; insiders have also sold more than 1 million shares worth approximately $13.1 million over the past 90 days.

Crawford & Company (NYSE:CRD.B - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $10.93 and traded as high as $11.93. Crawford & Company shares last traded at $11.97, with a volume of 2,955 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Crawford & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, Crawford & Company presently has a consensus rating of "Hold".

Crawford & Company Stock Down 0.6%

The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.82. The firm's fifty day moving average is $11.99 and its 200-day moving average is $10.93. The stock has a market capitalization of $581.86 million, a PE ratio of 24.94 and a beta of 0.63.

Crawford & Company (NYSE:CRD.B - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The business services provider reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.11. The business 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, equities research analysts predict that Crawford & Company will post 1.05 earnings per share for the current year.

Insider Transactions at Crawford & Company

In other Crawford & Company news, EVP Andrew Bart sold 10,118 shares of Crawford & Company stock in a transaction dated 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. The trade was a 9.08% 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 shares were sold at an average price of $12.81, for a total transaction of $12,810,000.00. Following the completion of the sale, the insider directly owned 4,447,188 shares in the company, valued at $56,968,478.28. This trade represents a 18.36% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,020,093 shares of company stock valued at $13,075,773. 51.04% of the stock is currently owned by company insiders.

Crawford & Company Company Profile

Crawford & Company NYSE: CRD.B is a global provider of claims management and related outsourcing services for the insurance industry. The company works with insurers, brokers, corporations and government entities to manage property and casualty claims throughout the claims life cycle.

Its services include loss adjusting, claims administration, catastrophe response, third-party claims management, workers' compensation services, medical management and related consulting and technology solutions.

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