Legal & General Group Plc grew its stake in shares of CorVel Corp. (NASDAQ:CRVL) by 7.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,547 shares of the business services provider’s stock after buying an additional 1,347 shares during the period. Legal & General Group Plc owned 0.10% of CorVel Corp. worth $880,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Texas Permanent School Fund lifted its stake in shares of CorVel Corp. by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 7,122 shares of the business services provider’s stock valued at $338,000 after buying an additional 59 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in CorVel Corp. by 3.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,310 shares of the business services provider’s stock worth $110,000 after buying an additional 80 shares during the period. Bessemer Group Inc. boosted its holdings in CorVel Corp. by 2.2% in the 2nd quarter. Bessemer Group Inc. now owns 8,382 shares of the business services provider’s stock worth $398,000 after buying an additional 182 shares during the period. Schwab Charles Investment Management Inc. increased its stake in CorVel Corp. by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 39,222 shares of the business services provider’s stock worth $1,862,000 after buying an additional 247 shares in the last quarter. Finally, Algert Global LLC increased its stake in CorVel Corp. by 3.0% in the 2nd quarter. Algert Global LLC now owns 30,343 shares of the business services provider’s stock worth $1,440,000 after buying an additional 886 shares in the last quarter. 44.31% of the stock is currently owned by hedge funds and other institutional investors.

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Separately, BidaskClub upgraded CorVel Corp. from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 19th.

CorVel Corp. (CRVL) opened at 57.30 on Tuesday. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 36.08 and a beta of 0.79. CorVel Corp. has a 1-year low of $31.00 and a 1-year high of $57.35. The stock has a 50 day moving average price of $51.74 and a 200-day moving average price of $47.31.

CorVel Corp. (NASDAQ:CRVL) last posted its earnings results on Tuesday, August 1st. The business services provider reported $0.46 earnings per share (EPS) for the quarter. CorVel Corp. had a net margin of 5.83% and a return on equity of 21.72%. The business had revenue of $137.61 million for the quarter. On average, equities research analysts forecast that CorVel Corp. will post $2.56 EPS for the current year.

CorVel Corp. Company Profile

CorVel Corporation (Corvel) is a provider of workers’ compensation solutions for employers, third party administrators, insurance companies and government agencies. The Company offers its services as a bundled solution, which includes claims management, as a standalone service, or as add-on services to existing customers.

Institutional Ownership by Quarter for CorVel Corp. (NASDAQ:CRVL)

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