Crawford & Company (NYSE:CRD.B) Shares Gap Up – Still a Buy?

Crawford & Company (NYSE:CRD.B)’s share price gapped up prior to trading on Monday . The stock had previously closed at $11.59, but opened at $12.65. Crawford & Company shares last traded at $12.4060, with a volume of 3,100 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded 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 currently has a consensus rating of “Hold”.

Crawford & Company Stock Down 2.7%

The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market cap of $588.13 million, a price-to-earnings ratio of 25.21 and a beta of 0.60. The stock’s fifty day moving average is $10.47 and its two-hundred day moving average is $10.24.

Crawford & Company (NYSE:CRD.B) last issued its quarterly earnings data on Monday, August 3rd. The business services provider reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11. The firm had revenue of $321.44 million during the quarter, compared to analyst estimates of $336.09 million. Crawford & Company had a return on equity of 28.15% and a net margin of 1.81%. Sell-side analysts predict that Crawford & Company will post 1.02 earnings per share for the current fiscal year.

Insider Transactions at Crawford & Company

In related news, EVP Andrew John Bart sold 14,005 shares of the company’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 completion of the sale, the executive vice president owned 113,390 shares in the company, valued at approximately $1,170,184.80. This represents a 10.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 32,000 shares of company stock worth $327,140 in the last ninety days. Corporate insiders own 51.04% of the company’s stock.

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.