Teachers Retirement System of The State of Kentucky Buys 5,738 Shares of CorVel Co. (NASDAQ:CRVL)

Teachers Retirement System of The State of Kentucky raised its holdings in CorVel Co. (NASDAQ:CRVL - Free Report) by 200.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,607 shares of the business services provider's stock after purchasing an additional 5,738 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in CorVel were worth $957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Bessemer Group Inc. increased its holdings in 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 during the last quarter. Fifth Third Bancorp raised its holdings in shares of 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 during the period. Jones Financial Companies Lllp purchased a new position in CorVel in the fourth quarter valued at approximately $37,000. US Bancorp DE grew its holdings in CorVel by 225.4% during the fourth quarter. US Bancorp DE now owns 384 shares of the business services provider's stock valued at $43,000 after purchasing an additional 266 shares during the period. Finally, GAMMA Investing LLC increased its position in CorVel by 175.2% in the fourth quarter. GAMMA Investing LLC now owns 432 shares of the business services provider's stock worth $48,000 after buying an additional 275 shares during the last quarter. 51.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CorVel

In other CorVel news, Director Jeffrey J. Michael sold 16,523 shares of the firm's stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $116.99, for a total value of $1,933,025.77. Following the completion of the transaction, the director now directly owns 551,787 shares of the company's stock, valued at $64,553,561.13. This trade represents a 2.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven J. Hamerslag sold 10,000 shares of the company's 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 transaction, the director now directly owns 314,000 shares in the company, valued at approximately $38,772,720. The trade was a 3.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,723 shares of company stock worth $5,757,140. 47.57% of the stock is owned by company insiders.

CorVel Price Performance

Shares of CRVL traded up $3.06 during trading hours on Friday, hitting $112.03. The company's stock had a trading volume of 116,171 shares, compared to its average volume of 119,410. The business has a 50 day simple moving average of $110.38 and a two-hundred day simple moving average of $115.77. CorVel Co. has a 52-week low of $76.53 and a 52-week high of $128.61. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 65.90 and a beta of 0.94.

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

Wall Street Analysts Forecast Growth

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

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.