CorVel Co. (NASDAQ:CRVL) Shares Acquired by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado boosted its stake in CorVel Co. (NASDAQ:CRVL - Free Report) by 6,621.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 85,434 shares of the business services provider's stock after purchasing an additional 84,163 shares during the period. Public Employees Retirement Association of Colorado owned about 0.17% of CorVel worth $9,505,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CRVL. Bessemer Group Inc. increased its holdings in shares of CorVel by 6,350.0% in the 4th quarter. Bessemer Group Inc. now owns 258 shares of the business services provider's stock valued at $29,000 after acquiring an additional 254 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of CorVel by 45.9% during the 4th quarter. Fifth Third Bancorp now owns 321 shares of the business services provider's stock worth $36,000 after buying an additional 101 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in shares of CorVel in the 4th quarter valued at $37,000. US Bancorp DE grew its position in shares of CorVel by 225.4% in the 4th quarter. US Bancorp DE now owns 384 shares of the business services provider's stock valued at $43,000 after buying an additional 266 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in CorVel by 175.2% during the 4th quarter. GAMMA Investing LLC now owns 432 shares of the business services provider's stock worth $48,000 after acquiring an additional 275 shares in the last quarter. 51.36% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CorVel

In related news, Director Steven J. Hamerslag sold 10,000 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $123.48, for a total transaction of $1,234,800.00. Following the completion of the sale, the director now directly owns 314,000 shares of the company's stock, valued at $38,772,720. This trade represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brandon O'brien sold 1,523 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $119.56, for a total transaction of $182,089.88. Following the completion of the transaction, the chief financial officer now directly owns 17,142 shares in the company, valued at $2,049,497.52. This represents a 8.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,723 shares of company stock worth $5,757,140. Company insiders own 47.57% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised CorVel from a "hold" rating to a "buy" rating in a report on Friday, April 18th.

CorVel Stock Up 2.8 %

CRVL traded up $3.06 during trading on Friday, hitting $112.03. 116,171 shares of the stock were exchanged, compared to its average volume of 119,410. CorVel Co. has a 1-year low of $76.53 and a 1-year high of $128.61. The stock has a fifty day moving average price of $110.38 and a two-hundred day moving average price of $115.84. The firm has a market capitalization of $5.75 billion, a P/E ratio of 65.90 and a beta of 0.94.

CorVel (NASDAQ:CRVL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $0.46 EPS for the quarter. CorVel had a net margin of 10.12% and a return on equity of 32.22%.

CorVel Profile

CorVel Corporation provides workers' compensation, auto, liability, and health solutions. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. The company also offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement, retrospective utilization review, facility claim review, professional review, pharmacy, directed care, clearinghouse, independent medical examination, and inpatient medical bill review services, as well as Medicare solutions.