Crawford & Company (NYSE:CRD.B) Sees Strong Trading Volume – Here’s What Happened

Crawford & Company (NYSE:CRD.B) saw unusually-high trading volume on Monday . 15,254 shares changed hands during mid-day trading, an increase of 12% from the previous session’s volume of 13,561 shares.The stock last traded at $11.87 and had previously closed at $12.22.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Crawford & Company from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Crawford & Company has an average rating of “Strong Buy”.

Crawford & Company Stock Performance

The company has a market capitalization of $586.67 million, a PE ratio of 25.15 and a beta of 0.60. The company has a 50 day moving average of $11.03 and a two-hundred day moving average of $10.42. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.19 and a quick ratio of 1.19.

Crawford & Company (NYSE:CRD.B) last announced its quarterly earnings data on Monday, August 3rd. The business services provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.27 by $0.11. The business had revenue of $321.44 million during the quarter, compared to analyst estimates of $336.09 million. Crawford & Company had a return on equity of 28.15% and a net margin of 1.81%. As a group, equities research analysts predict that Crawford & Company will post 1.05 earnings per share for the current year.

Insider Transactions at Crawford & Company

In related news, major shareholder Jesse C. Crawford sold 1,000,000 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $12.81, for a total value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew John Bart sold 3,305 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $13.36, for a total transaction of $44,154.80. Following the sale, the executive vice president directly owned 86,395 shares in the company, valued at $1,154,237.20. The trade was a 3.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,020,093 shares of company stock worth $13,075,773 over the last ninety days. Insiders own 51.04% of the company’s stock.

About Crawford & Company

Crawford & Company (NYSE: CRD.B) is an independent provider of claims management and risk solutions to insurance carriers and self-insured entities worldwide. The company’s services span property and casualty claims adjusting, third-party administration, managed repair, catastrophe response, and risk consulting. Through its network of professionals, Crawford & Company assists clients in streamlining claims processes, controlling costs, and improving customer satisfaction across diverse lines of business.

Founded in 1941 by James O.