Crawford & Company (NYSE:CRD.B) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Crawford & Company (NYSE:CRD.B) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.56 and traded as high as $11.65. Crawford & Company shares last traded at $11.4590, with a volume of 5,207 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Crawford & Company from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Crawford & Company Price Performance

The stock’s 50-day moving average price is $11.41 and its 200-day moving average price is $10.58. The company has a market capitalization of $587.69 million, a price-to-earnings ratio of 25.19 and a beta of 0.64. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.82.

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

Insider Activity

In related news, EVP Andrew Bart sold 10,118 shares of Crawford & Company stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $13.17, for a total transaction of $133,254.06. Following the transaction, the executive vice president owned 101,277 shares of the company’s stock, valued at $1,333,818.09. This trade represents a 9.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Jesse C. Crawford sold 1,000,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider directly owned 4,447,188 shares of the company’s stock, valued at $56,968,478.28. This trade represents a 18.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,020,093 shares of company stock worth $13,075,773 in the last three months. Insiders own 51.04% of the company’s stock.

Crawford & Company Company Profile

Crawford & Company is a global provider of independent claims management and related services for the insurance and risk management industries. The company supports insurers, brokers, corporations, and government entities with services that span the claims lifecycle, including loss adjusting, claims administration, third-party administration, and claims management technology.

Its offerings cover property and casualty claims, workers’ compensation, automobile claims, transportation-related losses, specialty claims, and legal settlement services.