CorVel Co. (NASDAQ:CRVL) VP Michael Saverien sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $65.03, for a total value of $65,030.00. Following the sale, the vice president now directly owns 6,377 shares in the company, valued at $414,696.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of CRVL traded up $0.27 during mid-day trading on Friday, reaching $65.02. 258 shares of the company’s stock traded hands, compared to its average volume of 33,576. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 28.09 and a beta of 0.54. CorVel Co. has a 12 month low of $46.45 and a 12 month high of $67.10.

Separately, BidaskClub raised CorVel from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 30th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake in shares of CorVel by 8.9% during the third quarter. AQR Capital Management LLC now owns 84,190 shares of the business services provider’s stock valued at $5,072,000 after buying an additional 6,901 shares during the last quarter. MetLife Investment Advisors LLC grew its stake in shares of CorVel by 15.2% during the third quarter. MetLife Investment Advisors LLC now owns 6,135 shares of the business services provider’s stock valued at $370,000 after buying an additional 810 shares during the last quarter. Matarin Capital Management LLC bought a new position in shares of CorVel during the third quarter valued at approximately $3,739,000. Ancora Advisors LLC grew its stake in shares of CorVel by 11.8% during the third quarter. Ancora Advisors LLC now owns 131,461 shares of the business services provider’s stock valued at $7,921,000 after buying an additional 13,839 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of CorVel by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 795,977 shares of the business services provider’s stock valued at $47,957,000 after buying an additional 3,190 shares during the last quarter. 45.52% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Michael Saverien Sells 1,000 Shares of CorVel Co. (CRVL) Stock” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another site, it was stolen and republished in violation of US & international trademark and copyright law. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2018/11/16/michael-saverien-sells-1000-shares-of-corvel-co-crvl-stock.html.

CorVel Company Profile

CorVel Corporation provides workers' compensation solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. It applies technology, intelligence, and a human touch to the risk management process that enables its clients to intervene early and connected to the critical intelligence they need to proactively manage risk.

Featured Article: How Do Tariffs Affect Trade Balances?

Insider Buying and Selling by Quarter for CorVel (NASDAQ:CRVL)

Receive News & Ratings for CorVel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CorVel and related companies with MarketBeat.com's FREE daily email newsletter.