Crawford & Company (NYSE:CRD.B) Shares Gap Up – Here’s What Happened

Crawford & Company (NYSE:CRD.B)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $12.66, but opened at $12.98. Crawford & Company shares last traded at $12.5070, with a volume of 3,332 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Crawford & Company from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Crawford & Company has a consensus rating of “Strong Buy”.

Crawford & Company Stock Performance

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 firm’s 50 day moving average is $10.74 and its 200-day moving average is $10.32. The stock has a market capitalization of $599.17 million, a price-to-earnings ratio of 25.89 and a beta of 0.60.

Crawford & Company (NYSE:CRD.B) last released its quarterly earnings results on Monday, August 3rd. The business services provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.27 by $0.11. The company had revenue of $321.44 million for the quarter, compared to analyst estimates of $336.09 million. Crawford & Company had a net margin of 1.81% and a return on equity of 28.15%. Analysts forecast that Crawford & Company will post 1.05 earnings per share for the current fiscal year.

Insider Transactions at Crawford & Company

In other news, major shareholder Jesse C. Crawford sold 1,000,000 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $12.81, for a total transaction of $12,810,000.00. Following the sale, the insider directly owned 4,447,188 shares of the company’s stock, valued at $56,968,478.28. This represents a 18.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Andrew John Bart sold 14,005 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $10.32, for a total transaction of $144,531.60. Following the sale, the executive vice president directly owned 113,390 shares in the company, valued at approximately $1,170,184.80. The trade was a 10.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,024,000 shares of company stock valued at $13,056,260. 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.