SG Americas Securities LLC Invests $1.43 Million in CorVel Corp. $CRVL

SG Americas Securities LLC bought a new position in shares of CorVel Corp. (NASDAQ:CRVL) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 18,517 shares of the business services provider’s stock, valued at approximately $1,434,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of CorVel by 0.7% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,961 shares of the business services provider’s stock valued at $1,640,000 after acquiring an additional 115 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in CorVel by 0.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,918 shares of the business services provider’s stock valued at $1,636,000 after purchasing an additional 139 shares in the last quarter. Atria Investments Inc raised its position in CorVel by 1.3% in the 2nd quarter. Atria Investments Inc now owns 14,646 shares of the business services provider’s stock valued at $1,505,000 after purchasing an additional 186 shares during the last quarter. ProShare Advisors LLC boosted its stake in CorVel by 3.0% in the second quarter. ProShare Advisors LLC now owns 6,466 shares of the business services provider’s stock worth $665,000 after purchasing an additional 189 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its holdings in shares of CorVel by 6.8% during the second quarter. Ameritas Investment Partners Inc. now owns 2,973 shares of the business services provider’s stock worth $306,000 after purchasing an additional 189 shares during the last quarter. 51.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CorVel news, EVP Mark E. Bertels sold 1,200 shares of CorVel stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $72.35, for a total transaction of $86,820.00. Following the completion of the sale, the executive vice president owned 2,594 shares of the company’s stock, valued at approximately $187,675.90. The trade was a 31.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director R Judd Jessup sold 7,076 shares of the stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $76.94, for a total value of $544,427.44. Following the completion of the transaction, the director directly owned 115,045 shares in the company, valued at approximately $8,851,562.30. This trade represents a 5.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 11,733 shares of company stock valued at $894,686. 44.56% of the stock is currently owned by insiders.

CorVel Stock Down 0.9%

CorVel stock opened at $68.59 on Friday. The business’s 50-day simple moving average is $70.73 and its 200 day simple moving average is $79.90. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 33.79 and a beta of 1.07. CorVel Corp. has a 12-month low of $65.47 and a 12-month high of $128.61.

CorVel (NASDAQ:CRVL) last announced its quarterly earnings data on Tuesday, November 4th. The business services provider reported $0.54 earnings per share for the quarter. CorVel had a return on equity of 31.72% and a net margin of 11.28%.The firm had revenue of $239.64 million during the quarter.

Analyst Ratings Changes

A number of research firms recently issued reports on CRVL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CorVel in a report on Friday, January 9th. Wall Street Zen cut shares of CorVel from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

About CorVel

CorVel Corporation (NASDAQ: CRVL) is a technology-driven provider of workers’ compensation, liability, and specialty risk management solutions. The company develops and deploys software and data analytics tools to streamline claims administration, medical cost containment, prescription drug management, and provider network access. CorVel’s integrated platform connects employers, insurers, healthcare providers, and injured workers, aiming to improve outcomes and control costs through process automation and real-time decision support.

The company’s product suite includes claims lifecycle management, bill review and negotiation, virtual care and telehealth services, pharmacy benefit management, and independent medical examinations (IMEs).