NASDAQ:CRVL

CorVel (CRVL) Stock Forecast, Price & News

$190.74

-0.44 (-0.23%)

(As of 09/22/2023 ET)

Compare

Today's Range: $190.40
▼
$195.11
50-Day Range: $190.74
▼
$226.59
52-Week Range: $135.81
▼
$228.94

Volume: 28,591 shs
Average Volume: 34,690 shs
Market Capitalization: $3.28 billion

P/E Ratio: 48.05
Dividend Yield: N/A
Price Target: N/A

CorVel MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
3.74% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.27
Based on 3 Articles This Week
Insider Trading: Selling Shares
$6.12 M Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.66 out of 5 stars

Business Services Sector

259th out of 304 stocks

Insurance Agents, Brokers, & Service Industry

17th out of 20 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for CorVel.

3.0

Short Interest

Percentage of Shares Shorted
3.74% of the float of CorVel has been sold short.
Short Interest Ratio / Days to Cover
CorVel has a short interest ratio ("days to cover") of 8.9.
Change versus previous month
Short interest in CorVel has recently decreased by 1.28%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
CorVel does not currently pay a dividend.
Dividend Growth
CorVel does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CRVL.

2.4

News and Social Media Coverage

News Sentiment
CorVel has a news sentiment score of 0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.55 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for CorVel this week, compared to 2 articles on an average week.
MarketBeat Follows
3 people have added CorVel to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CorVel insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,115,007.00 in company stock.
Percentage Held by Insiders
48.71% of the stock of CorVel is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
51.36% of the stock of CorVel is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of CorVel is 48.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.74.
Price to Earnings Ratio vs. Sector
The P/E ratio of CorVel is 48.05, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 23.36.
Price to Book Value per Share Ratio
CorVel has a P/B Ratio of 16.19. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About CorVel (NASDAQ:CRVL) Stock

CorVel Corporation provides workers' compensation, auto, liability, and health solutions for employers, third party administrators, insurance companies, and government agencies to assist them in managing the medical costs and monitoring the quality of care associated with healthcare claims. 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 offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement services, retrospective utilization review, facility claim review, professional review, pharmacy services, directed care services, Medicare solutions, clearinghouse services, independent medical examinations, and inpatient medical bill review. It also provides a range of patient management services, such as claims management, case management, 24/7 nurse triage, utilization management, vocational rehabilitation, and life care planning, as well as processing of claims for self-insured payors with respect to property and casualty insurance. The company was incorporated in 1987 and is based in Fort Worth, Texas.

CRVL Price History

30 days | 90 days | 365 days | Advanced Chart

CRVL Stock News Headlines

September 21, 2023 | americanbankingnews.com

V Gordon Clemons Sells 5,000 Shares of CorVel Co. (NASDAQ:CRVL) Stock

September 17, 2023 | americanbankingnews.com

CorVel (NASDAQ:CRVL) Shares Up 3.9%

September 24, 2023 | Behind the Markets (Ad)

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September 12, 2023 | finance.yahoo.com

CorVel Announces First Generative AI Module

September 9, 2023 | finance.yahoo.com

Is Weakness In CorVel Corporation (NASDAQ:CRVL) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?

August 22, 2023 | stockhouse.com

Randy Jouben Receives 2023 Workers' Comp Risk Management Award for Excellence

August 22, 2023 | finance.yahoo.com

Randy Jouben Receives 2023 Workers’ Comp Risk Management Award for Excellence

August 18, 2023 | finance.yahoo.com

Investors in CorVel (NASDAQ:CRVL) have seen splendid returns of 276% over the past five years

September 24, 2023 | Legacy Research (Ad)

Watch SHOCKING Footage of AI Facility with Ties to Elon Musk

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August 16, 2023 | finance.yahoo.com

Insider Sell: Chairman V Clemons Sells 5,000 Shares of CorVel Corp

August 16, 2023 | fool.com

CorVel (NASDAQ: CRVL)

August 15, 2023 | finance.yahoo.com

Carhartt Inc. and CorVel Corporation Named Risk Management Team of the Year in 2023 U.S. Insurance Awards

August 3, 2023 | finance.yahoo.com

CorVel Corp (CRVL): A Stock with Good Outperformance Potential

July 18, 2023 | finance.yahoo.com

Risk & Insurance Names Three CorVel Clients as Winners of 2023 Risk All-Star Awards

July 1, 2023 | finance.yahoo.com

We Think CorVel (NASDAQ:CRVL) Might Have The DNA Of A Multi-Bagger

May 25, 2023 | finanznachrichten.de

CorVel Corp.: CorVel Announces Revenues and Earnings

May 1, 2023 | finance.yahoo.com

CorVel Announces First Generative AI Initiative to Transform Claims and Case Management

April 28, 2023 | seekingalpha.com

CorVel Corporation: Best Nearby Insurance Cap-Gain Stock Wealth Builder Prospect

April 12, 2023 | finance.yahoo.com

CorVel Launches Pharmacy Technician Certification (CPhT) Test Preparation Program

April 2, 2023 | finance.yahoo.com

Is CorVel Corporation's (NASDAQ:CRVL) Recent Stock Performance Tethered To Its Strong Fundamentals?

February 27, 2023 | finance.yahoo.com

Those who invested in CorVel (NASDAQ:CRVL) five years ago are up 277%

January 22, 2023 | nz.finance.yahoo.com

Why You Should Care About CorVel's (NASDAQ:CRVL) Strong Returns On Capital

November 9, 2022 | finance.yahoo.com

CorVel Second Quarter 2023 Earnings: EPS: US$0.84 (vs US$0.90 in 2Q 2022)

October 19, 2022 | gurufocus.com

CorVel Announces Quarterly Ear - GuruFocus.com

October 18, 2022 | benzinga.com

CorVel Announces Quarterly Earnings Release Webcast - CorVel (NASDAQ:CRVL) - Benzinga

October 12, 2022 | finance.yahoo.com

Bass Pro and CorVel Named Risk Management Team of the Year by Business Insurance - Yahoo Finance

October 11, 2022 | globenewswire.com

Bass Pro and CorVel Named Risk Management Team of the Year by Business Insurance - GlobeNewswire

See More Headlines

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CRVL Company Calendar

Last Earnings: 8/01/2023
Today: 9/24/2023
Next Earnings (Estimated): 11/07/2023
Fiscal Year End: 3/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Insurance agents, brokers, & service
Sub-Industry: Health Care Services
Sector: Business Services
Current Symbol: NASDAQ:CRVL
CUSIP: 22100610
CIK: 874866
Web: www.corvel.com
Phone: (817) 390-1416
Fax: 949-851-1469
Employees: 4,444
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $3.97
Trailing P/E Ratio: 48.05
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $66.36 million
Net Margins: 9.49%
Pretax Margin: 12.12%
Return on Equity: 34.66%
Return on Assets: 17.17%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.43
Quick Ratio: 1.43

Sales & Book Value

Annual Sales: $718.56 million
Price / Sales: 4.56
Cash Flow: $5.33 per share
Price / Cash Flow: 35.77
Book Value: $11.78 per share
Price / Book: 16.19

Miscellaneous

Outstanding Shares: 17,170,000
Free Float: 8,806,000
Market Cap: $3.28 billion
Optionable: Optionable
Beta: 1.04

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Key Executives

Mr. Victor Gordon Clemons Sr. (Age 79)
Exec. Chairman
Comp: $9.68k

Mr. Michael G. Combs (Age 59)
Pres & CEO
Comp: $913.54k

Mr. Brandon T. O'Brien (Age 43)
Chief Financial Officer
Comp: $359k

Ms. Jennifer L. Yoss (Age 45)
VP of Accounting
Comp: $246.23k

Mr. Maxim Shishin (Age 48)
Chief Information Officer
Comp: $390.47k

Mr. Mark E. Bertels (Age 60)
Exec. VP of Risk Management Services
Comp: $366.54k

Ms. Stefani P. Wendel
Investor Relation

Sharon F. O'Connor
VP of Legal & HR

Mr. Richard J. Schweppe (Age 68)
Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CRVL Stock - Frequently Asked Questions

How have CRVL shares performed in 2023?: CorVel's stock was trading at $145.33 at the beginning of the year. Since then, CRVL stock has increased by 31.2% and is now trading at $190.74.
View the best growth stocks for 2023 here.
When is CorVel's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our CRVL earnings forecast.
How were CorVel's earnings last quarter?: CorVel Co. (NASDAQ:CRVL) announced its quarterly earnings results on Tuesday, August, 1st. The business services provider reported $1.14 earnings per share for the quarter. The business services provider earned $190.25 million during the quarter. CorVel had a trailing twelve-month return on equity of 34.66% and a net margin of 9.49%.
What ETFs hold CorVel's stock?: ETFs with the largest weight of CorVel (NASDAQ:CRVL) stock in their portfolio include Fidelity Digital Health ETF (FDHT), Invesco S&P SmallCap Health Care ETF (PSCH), SPDR S&P Health Care Services ETF (XHS), Invesco Dorsey Wright Healthcare Momentum ETF (PTH), Invesco S&P SmallCap Quality ETF (XSHQ), First Trust Active Factor Small Cap ETF (AFSM), iShares U.S. Healthcare Providers ETF (IHF) and VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF).
What is Michael Combs' approval rating as CorVel's CEO?: 85 employees have rated CorVel Chief Executive Officer Michael Combs on Glassdoor.com. Michael Combs has an approval rating of 80% among the company's employees. 53.0% of employees surveyed would recommend working at CorVel to a friend.
What other stocks do shareholders of CorVel own?: Based on aggregate information from My MarketBeat watchlists, some companies that other CorVel investors own include Myers Industries (MYE), British American Tobacco (BTI), Canadian Imperial Bank of Commerce (CM), Dominion Energy (D), Consolidated Edison (ED), Gilead Sciences (GILD), Harley-Davidson (HOG), Helmerich & Payne (HP), International Business Machines (IBM) and Meredith (MDP).

What is CorVel's stock symbol?: CorVel trades on the NASDAQ under the ticker symbol "CRVL."
Who are CorVel's major shareholders?: CorVel's stock is owned by a variety of retail and institutional investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (11.41%), BlackRock Inc. (8.47%), Renaissance Technologies LLC (4.29%), Dimensional Fund Advisors LP (3.53%), State Street Corp (1.98%) and Boston Trust Walden Corp (1.51%). Insiders that own company stock include Alan Hoops, Brandon O'brien, Corstar Holdings Inc, Diane Blaha, Jean Macino, Jeffrey J Michael, Jennifer Yoss, Mark E Bertels, Maxim Shishin, Michael G Combs, R Judd Jessup, Steven J Hamerslag and V Gordon Clemons.
View institutional ownership trends.
How do I buy shares of CorVel?: Shares of CRVL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is CorVel's stock price today?: One share of CRVL stock can currently be purchased for approximately $190.74.
How much money does CorVel make?: CorVel (NASDAQ:CRVL) has a market capitalization of $3.28 billion and generates $718.56 million in revenue each year. The business services provider earns $66.36 million in net income (profit) each year or $3.97 on an earnings per share basis.
How many employees does CorVel have?: The company employs 4,444 workers across the globe.
How can I contact CorVel?: CorVel's mailing address is 1920 Main Street Suite 900, Irvine CA, 92614. The official website for the company is www.corvel.com. The business services provider can be reached via phone at (817) 390-1416, via email at investor_relations@corvel.com, or via fax at 949-851-1469.

This page (NASDAQ:CRVL) was last updated on 9/24/2023 by MarketBeat.com Staff

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