Crawford & Company (NYSE:CRD.B) Stock Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Crawford & Company shares moved above their 200-day moving average, reaching $11.98 before last trading at $11.526, while the stock was reported down 4.7%.
• Zacks Research upgraded the stock from “hold” to “strong buy,” giving Crawford a consensus “Strong Buy” rating. The company also beat quarterly EPS estimates, reporting $0.38 versus the expected $0.27, although revenue fell short of 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) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.50 and traded as high as $11.98. Crawford & Company shares last traded at $11.5260, with a volume of 11,737 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded 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 MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

Crawford & Company Trading Down 4.7%

The company has a market capitalization of $560.28 million, a price-to-earnings ratio of 24.01 and a beta of 0.64. The company has a 50-day moving average price of $11.22 and a 200-day moving average price of $10.50. 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 posted its quarterly earnings data on Monday, August 3rd. The business services provider reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.11. Crawford & Company had a return on equity of 28.15% and a net margin of 1.81%.The business had revenue of $321.44 million for the quarter, compared to analyst estimates of $336.09 million. Research analysts predict that Crawford & Company will post 1.05 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Andrew Bart sold 3,305 shares of the company's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $13.36, for a total transaction of $44,154.80. Following the completion of the transaction, the executive vice president directly owned 86,395 shares in the company, valued at $1,154,237.20. The trade was a 3.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Jesse C. Crawford sold 1,000,000 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were 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 directly owned 4,447,188 shares of the company's stock, valued at $56,968,478.28. This represents a 18.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,020,093 shares of company stock worth $13,075,773 in the last ninety days. Insiders own 51.04% of the company's stock.

Crawford & Company Company Profile

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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