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

Crawford & Company (NYSE:CRD.A) announced its quarterly earnings results on Monday. The business services provider reported $0.37 earnings per share for the quarter, FiscalAI reports. Crawford & Company had a return on equity of 28.15% and a net margin of 1.81%. The company had revenue of $329.91 million during the quarter.

Crawford & Company Price Performance

CRD.A traded up $0.36 on Monday, reaching $12.55. The company had a trading volume of 53,309 shares, compared to its average volume of 59,658. The business has a 50 day simple moving average of $12.68 and a 200 day simple moving average of $11.31. The company has a market cap of $610.15 million, a price-to-earnings ratio of 26.71 and a beta of 0.85. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.19 and a current ratio of 1.19. Crawford & Company has a 52-week low of $8.89 and a 52-week high of $13.90.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Crawford & Company from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $14.00.

Insiders Place Their Bets

In other Crawford & Company news, major shareholder Jesse C. Crawford sold 1,000,000 shares of Crawford & Company stock in a transaction dated 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 sale, the insider owned 4,447,188 shares of the company’s stock, valued at $56,968,478.28. The trade was a 18.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Andrew Bart sold 10,118 shares of Crawford & Company 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 of the company’s stock, valued at approximately $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. In the last three months, insiders sold 1,020,093 shares of company stock worth $13,075,773. 54.27% of the stock is owned by insiders.

About Crawford & Company

Crawford & Company is a global provider of claims management and related services for the insurance industry, corporations and government entities. The company helps clients manage property and casualty claims from initial assessment through resolution, with services that include loss adjusting, claims administration, catastrophe response, appraisal, subrogation and settlement support.

Through its Broadspire operations, Crawford also provides third-party administration and specialized workers’ compensation, disability and liability claims services.