Crawford & Company (NYSE:CRD.A) Posts Earnings Results

Crawford & Company (NYSE:CRD.A) issued its quarterly earnings results on Monday. The business services provider reported $0.38 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $321.44 million for the quarter. Crawford & Company had a net margin of 1.37% and a return on equity of 24.21%.

Crawford & Company Price Performance

NYSE:CRD.A traded up $0.35 during trading hours on Monday, hitting $11.27. The company’s stock had a trading volume of 33,835 shares, compared to its average volume of 57,606. The business’s 50-day moving average is $11.04 and its two-hundred day moving average is $10.64. The company has a market capitalization of $549.07 million, a PE ratio of 31.29 and a beta of 0.80. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.14 and a current ratio of 1.14. Crawford & Company has a 52-week low of $8.63 and a 52-week high of $12.12.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Crawford & Company from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Crawford & Company presently has a consensus rating of “Buy” and a consensus target price of $14.00.

Insiders Place Their Bets

In other Crawford & Company news, EVP Andrew John Bart sold 14,005 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $10.32, for a total transaction of $144,531.60. Following the sale, the executive vice president directly owned 113,390 shares in the company, valued at approximately $1,170,184.80. The trade was a 10.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tami E. Stevenson sold 7,062 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $9.90, for a total transaction of $69,913.80. Following the transaction, the senior vice president directly owned 15,186 shares in the company, valued at approximately $150,341.40. This trade represents a 31.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 58,282 shares of company stock valued at $578,875. 54.27% of the stock is owned by corporate insiders.

Crawford & Company Company Profile

Crawford & Company provides claims management and outsourcing solutions to the risk management and insurance industry, and self-insured entities. The company's Crawford Claims Solutions segment offers claims management services related to property, casualty, and catastrophe losses caused by physical damage to commercial and residential real properties, and personal properties, as well as marine losses. It also offers services in the areas of field investigation, catastrophe, evaluation, and resolution of property and casualty insurance claims; and various on-demand inspection, verification, and other task specific field services for businesses and consumers through a mobile platform.