Boston Trust Walden Corp Sells 140,956 Shares of CorVel Corp. $CRVL

Boston Trust Walden Corp decreased its holdings in CorVel Corp. (NASDAQ:CRVL) by 20.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 536,874 shares of the business services provider’s stock after selling 140,956 shares during the quarter. Boston Trust Walden Corp’s holdings in CorVel were worth $55,180,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. grew its position in CorVel by 2.7% in the first quarter. Principal Financial Group Inc. now owns 143,654 shares of the business services provider’s stock valued at $16,085,000 after acquiring an additional 3,818 shares during the last quarter. Algert Global LLC increased its holdings in shares of CorVel by 5.6% during the first quarter. Algert Global LLC now owns 103,079 shares of the business services provider’s stock worth $11,542,000 after buying an additional 5,430 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of CorVel by 720.9% during the second quarter. Assenagon Asset Management S.A. now owns 102,478 shares of the business services provider’s stock worth $10,533,000 after buying an additional 89,994 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of CorVel by 5.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,570 shares of the business services provider’s stock valued at $11,037,000 after acquiring an additional 4,964 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its position in CorVel by 27.4% during the 1st quarter. Public Sector Pension Investment Board now owns 86,307 shares of the business services provider’s stock worth $9,664,000 after acquiring an additional 18,576 shares during the last quarter. 51.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other CorVel news, insider Maxim Shishin sold 12,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $89.16, for a total transaction of $1,069,920.00. Following the transaction, the insider directly owned 7,050 shares in the company, valued at approximately $628,578. This represents a 62.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brandon O’brien sold 1,764 shares of CorVel stock in a transaction on Monday, September 8th. The shares were sold at an average price of $91.54, for a total transaction of $161,476.56. Following the completion of the sale, the chief financial officer owned 8,948 shares of the company’s stock, valued at $819,099.92. This represents a 16.47% decrease in their position. The disclosure for this sale can be found here. 44.56% of the stock is currently owned by corporate insiders.

CorVel Stock Performance

NASDAQ:CRVL opened at $71.41 on Tuesday. CorVel Corp. has a fifty-two week low of $71.20 and a fifty-two week high of $128.61. The company has a 50 day simple moving average of $83.65 and a two-hundred day simple moving average of $98.30. The company has a market capitalization of $3.66 billion, a PE ratio of 36.81 and a beta of 0.95.

CorVel (NASDAQ:CRVL) last posted its quarterly earnings data on Tuesday, August 5th. The business services provider reported $0.52 EPS for the quarter. CorVel had a net margin of 10.98% and a return on equity of 32.31%. The company had revenue of $234.71 million for the quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CRVL shares. Weiss Ratings reissued a “hold (c+)” rating on shares of CorVel in a research note on Saturday, September 27th. Wall Street Zen upgraded shares of CorVel from a “hold” rating to a “buy” rating in a report on Sunday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

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.