Crawford & Company (NYSE:CRD.B) Releases Earnings Results, Beats Expectations By $0.07 EPS

Crawford & Company (NYSE:CRD.B) issued its earnings results on Monday. The business services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.07, Zacks reports. Crawford & Company had a net margin of 1.81% and a return on equity of 28.15%.

Crawford & Company Price Performance

Shares of NYSE:CRD.B traded up $0.34 during trading on Monday, reaching $12.13. The stock had a trading volume of 19,279 shares, compared to its average volume of 15,824. Crawford & Company has a 1-year low of $8.78 and a 1-year high of $13.59. The stock has a market cap of $589.69 million, a PE ratio of 25.27 and a beta of 0.69. The business has a fifty day moving average price of $11.96 and a 200-day moving average price of $10.76. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.19 and a current ratio of 1.19.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Crawford & Company from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. One analyst has rated the stock with a Hold rating. According to MarketBeat, the company has an average rating of “Hold”.

Insiders Place Their Bets

In other news, major shareholder Jesse C. Crawford sold 1,000,000 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $12.81, for a total transaction of $12,810,000.00. Following the completion of the transaction, the insider directly owned 4,447,188 shares in the company, valued at $56,968,478.28. This trade represents a 18.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Andrew Bart sold 10,118 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $13.17, for a total value of $133,254.06. Following the sale, the executive vice president directly owned 101,277 shares in the company, valued at $1,333,818.09. This trade represents a 9.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,020,093 shares of company stock worth $13,075,773 in the last three months. 51.04% of the stock is currently owned by corporate insiders.

Crawford & Company Company Profile

Crawford & Company (NYSE: CRD.B) is a global provider of claims management and related outsourcing services for the insurance industry. The company works with insurers, brokers, corporations and government entities to manage property and casualty claims throughout the claims life cycle.

Its services include loss adjusting, claims administration, catastrophe response, third-party claims management, workers’ compensation services, medical management and related consulting and technology solutions.