Crawford & Company (NYSE:CRD.B) Raised to Hold at Zacks Research

Crawford & Company (NYSE:CRD.B) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Crawford & Company Trading Down 1.8%

Shares of CRD.B stock opened at $10.18 on Tuesday. The stock’s fifty day simple moving average is $10.20 and its 200 day simple moving average is $10.27. Crawford & Company has a twelve month low of $8.76 and a twelve month high of $11.68. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $496.17 million, a P/E ratio of 28.28 and a beta of 0.61.

Crawford & Company (NYSE:CRD.B) last announced its earnings results on Monday, May 4th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.04). Crawford & Company had a return on equity of 24.21% and a net margin of 1.37%.The company had revenue of $309.52 million for the quarter, compared to the consensus estimate of $303.20 million. As a group, sell-side analysts predict that Crawford & Company will post 0.92 EPS for the current fiscal year.

Insider Transactions at Crawford & Company

In related news, SVP Tami E. Stevenson sold 7,062 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $9.90, for a total value of $69,913.80. Following the transaction, the senior vice president owned 15,186 shares of the company’s stock, valued at approximately $150,341.40. This trade represents a 31.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew John Bart sold 14,005 shares of Crawford & Company stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $10.32, for a total value of $144,531.60. Following the transaction, the executive vice president owned 113,390 shares of the company’s stock, valued at $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. Insiders sold a total of 58,282 shares of company stock worth $578,875 in the last 90 days. 51.04% of the stock is currently owned by company insiders.

About Crawford & Company

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.