CorVel Corp. (NASDAQ:CRVL) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC grew its stake in shares of CorVel Corp. (NASDAQ:CRVL) by 7.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,523 shares of the business services provider’s stock after acquiring an additional 1,086 shares during the period. Natixis Advisors LLC’s holdings in CorVel were worth $1,738,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of CorVel by 193.7% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,714,351 shares of the business services provider’s stock valued at $635,779,000 after acquiring an additional 3,768,440 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of CorVel by 187.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,545,619 shares of the business services provider’s stock valued at $171,969,000 after acquiring an additional 1,007,651 shares during the period. Geode Capital Management LLC lifted its position in shares of CorVel by 205.1% during the 4th quarter. Geode Capital Management LLC now owns 774,653 shares of the business services provider’s stock valued at $86,204,000 after acquiring an additional 520,783 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of CorVel by 198.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 625,612 shares of the business services provider’s stock valued at $69,607,000 after purchasing an additional 415,939 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of CorVel by 210.8% in the fourth quarter. Northern Trust Corp now owns 379,743 shares of the business services provider’s stock valued at $42,250,000 after purchasing an additional 257,561 shares during the last quarter. 51.36% of the stock is currently owned by institutional investors and hedge funds.

CorVel Price Performance

CRVL stock opened at $86.19 on Friday. The company’s 50 day simple moving average is $98.93 and its 200-day simple moving average is $107.69. The firm has a market capitalization of $4.43 billion, a PE ratio of 44.43 and a beta of 0.95. CorVel Corp. has a 12 month low of $85.13 and a 12 month high of $128.61.

CorVel (NASDAQ:CRVL) last posted its quarterly earnings data on Tuesday, August 5th. The business services provider reported $0.52 earnings per share for the quarter. CorVel had a net margin of 10.98% and a return on equity of 32.31%.

Insiders Place Their Bets

In other news, insider Maxim Shishin sold 2,400 shares of the business’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $108.09, for a total value of $259,416.00. Following the completion of the transaction, the insider owned 7,050 shares of the company’s stock, valued at $762,034.50. The trade was a 25.40% 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, Director Alan Hoops sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $113.05, for a total transaction of $339,150.00. Following the completion of the transaction, the director directly owned 16,688 shares of the company’s stock, valued at approximately $1,886,578.40. This represents a 15.24% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,079 shares of company stock valued at $1,446,023. 44.56% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of CorVel from a “hold” rating to a “buy” rating in a research report on Friday, April 18th.

CorVel 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.