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

Key Points

• Crawford & Company shares moved above their 200-day moving average, reaching $12.06 before last trading at $11.7810. The stock’s 200-day average was $10.68, while its 50-day average stood at $11.69.
• Zacks Research upgraded the stock from “hold” to “strong buy,” giving the company an overall Strong Buy rating. Crawford recently reported quarterly EPS of $0.38, beating estimates of $0.27, though revenue of $321.44 million fell short of expectations.
• Insiders sold more than 1.02 million shares worth approximately $13.1 million during the quarter, including a 1 million-share sale by major shareholder Jesse C. Crawford. Insiders continue to own 51.04% of the company.

Crawford & Company (NYSE:CRD.B - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $10.68 and traded as high as $12.06. Crawford & Company shares last traded at $11.7810, with a volume of 9,005 shares trading hands.

Wall Street Analyst Weigh In

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, According to data from MarketBeat.com, the company has an average rating of "Strong Buy".

Crawford & Company Trading Down 1.2%

The firm's 50 day simple moving average is $11.69 and its 200-day simple moving average is $10.68. The company has a market capitalization of $572.67 million, a PE ratio of 24.54 and a beta of 0.64. 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.B - Get Free Report) last issued its earnings results on Monday, August 3rd. The business services provider reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.11. The business had revenue of $321.44 million for the quarter, compared to the consensus estimate of $336.09 million. Crawford & Company had a net margin of 1.81% and a return on equity of 28.15%. As a group, equities research analysts anticipate that Crawford & Company will post 1.05 EPS for the current year.

Insider Buying and Selling at Crawford & Company

In other Crawford & Company news, EVP Andrew Bart sold 3,305 shares of the firm's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $13.36, for a total value of $44,154.80. Following the transaction, the executive vice president directly owned 86,395 shares of the company's stock, valued at $1,154,237.20. This trade represents a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Jesse C. Crawford sold 1,000,000 shares of the business's stock in a transaction dated 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 transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,020,093 shares of company stock valued at $13,075,773. 51.04% of the stock is owned by insiders.

Crawford & Company Company Profile

Crawford & Company is a global provider of independent claims management and related services for the insurance and risk management industries. The company supports insurers, brokers, corporations, and government entities with services that span the claims lifecycle, including loss adjusting, claims administration, third-party administration, and claims management technology.

Its offerings cover property and casualty claims, workers' compensation, automobile claims, transportation-related losses, specialty claims, and legal settlement services.

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