CorVel - CRVL Stock Forecast, Price & News

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 headquartered in Fort Worth, Texas.

CorVel Stock Down 1.2 %

NASDAQ:CRVL traded down $1.87 during trading hours on Tuesday, reaching $157.07. The company's stock had a trading volume of 43,717 shares, compared to its average volume of 42,354. The firm's 50-day moving average price is $149.44 and its 200-day moving average price is $158.18. CorVel has a 1 year low of $129.19 and a 1 year high of $213.38. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 42.76 and a beta of 0.95.

CorVel (NASDAQ:CRVL - Get Rating) last released its quarterly earnings data on Tuesday, August 2nd. The business services provider reported $0.94 earnings per share (EPS) for the quarter. The business had revenue of $176.31 million for the quarter. CorVel had a return on equity of 30.93% and a net margin of 9.89%.

Wall Street Analyst Weigh In

Separately, TheStreet raised CorVel from a "c+" rating to a "b" rating in a research report on Friday, July 15th.

Insider Buying and Selling at CorVel

In other CorVel news, CEO Michael G. Combs sold 772 shares of the company's stock in a transaction on Friday, August 5th. The stock was sold at an average price of $162.30, for a total value of $125,295.60. Following the transaction, the chief executive officer now owns 13,665 shares of the company's stock, valued at approximately $2,217,829.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CorVel news, CEO Michael G. Combs sold 772 shares of the company's stock in a transaction on Friday, August 5th. The stock was sold at an average price of $162.30, for a total value of $125,295.60. Following the completion of the sale, the chief executive officer now directly owns 13,665 shares in the company, valued at approximately $2,217,829.50. 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 1,204 shares of the company's stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $134.01, for a total value of $161,348.04. Following the completion of the sale, the chief financial officer now owns 2,664 shares of the company's stock, valued at $357,002.64. The disclosure for this sale can be found here. Insiders have sold 69,906 shares of company stock valued at $10,727,417 in the last quarter. 48.56% of the stock is owned by insiders.