State of Tennessee Department of Treasury Has $1.29 Million Stock Holdings in CorVel Co. (NASDAQ:CRVL)

State of Tennessee Department of Treasury lifted its position in shares of CorVel Co. (NASDAQ:CRVL - Free Report) by 192.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,589 shares of the business services provider's stock after purchasing an additional 7,628 shares during the period. State of Tennessee Department of Treasury's holdings in CorVel were worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling at CorVel

In other CorVel news, CFO Brandon O'brien sold 1,523 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was 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 owns 17,142 shares of the company's stock, valued at approximately $2,049,497.52. The trade was a 8.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan Hoops sold 10,200 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $116.39, for a total transaction of $1,187,178.00. Following the completion of the sale, the director now owns 118,213 shares in the company, valued at approximately $13,758,811.07. The trade was a 7.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,723 shares of company stock worth $5,757,140 over the last three months. Corporate insiders own 47.57% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded CorVel from a "hold" rating to a "buy" rating in a research note on Friday, April 18th.

CorVel Stock Up 2.8 %

Shares of CRVL traded up $3.06 during trading hours on Friday, hitting $112.03. 116,171 shares of the company were exchanged, compared to its average volume of 119,410. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 65.90 and a beta of 0.94. The firm's fifty day moving average is $110.38 and its 200 day moving average is $115.77. CorVel Co. has a fifty-two week low of $76.53 and a fifty-two week high of $128.61.

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

CorVel Company 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.