Crawford & Company (NYSE:CRD.B) Posts Quarterly Earnings Results

Crawford & Company (NYSE:CRD.B) posted its quarterly earnings results on Monday. The business services provider reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11, Zacks reports. Crawford & Company had a return on equity of 24.21% and a net margin of 1.37%.

Crawford & Company Stock Performance

NYSE CRD.B traded up $0.34 during trading hours on Monday, reaching $10.41. The stock had a trading volume of 3,584 shares, compared to its average volume of 13,099. The stock has a fifty day moving average of $10.34 and a 200 day moving average of $10.20. The stock has a market cap of $507.48 million, a P/E ratio of 28.92 and a beta of 0.60. Crawford & Company has a 52-week low of $8.76 and a 52-week high of $11.68. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.14 and a current ratio of 1.14.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Crawford & Company from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Insider Activity at Crawford & Company

In other news, SVP Tami E. Stevenson sold 19,220 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $9.46, for a total value of $181,821.20. Following the sale, the senior vice president owned 22,248 shares in the company, valued at $210,466.08. This represents a 46.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew John Bart sold 14,005 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $10.32, for a total transaction of $144,531.60. Following the transaction, the executive vice president directly owned 113,390 shares of the company’s stock, valued at approximately $1,170,184.80. This trade represents a 10.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 58,282 shares of company stock worth $578,875. 51.04% of the stock is owned by corporate insiders.

Crawford & Company Company Profile

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.