Crawford & Company (NYSE:CRD.B) Stock Price Down 8.3% – Should You Sell?

Crawford & Company (NYSE:CRD.B)’s share price fell 8.3% on Tuesday. The stock traded as low as $11.39 and last traded at $11.1750. Approximately 3,539 shares were traded during trading, a decline of 78% from the average daily volume of 15,763 shares. The stock had previously closed at $12.19.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Crawford & Company from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Crawford & Company has an average rating of “Hold”.

Crawford & Company Trading Down 7.4%

The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.82. The firm has a fifty day simple moving average of $11.96 and a two-hundred day simple moving average of $10.77. The firm has a market cap of $548.56 million, a PE ratio of 23.51 and a beta of 0.63.

Crawford & Company (NYSE:CRD.B) last issued its quarterly earnings data on Monday, November 2nd. The business services provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.07. Crawford & Company had a net margin of 1.81% and a return on equity of 28.15%. The business had revenue of $321.63 million for the quarter, compared to the consensus estimate of $325.39 million. Equities analysts forecast that Crawford & Company will post 1.05 EPS for the current year.

Insider Activity at Crawford & Company

In other news, EVP Andrew Bart sold 3,305 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $13.36, for a total value of $44,154.80. Following the completion of the transaction, the executive vice president owned 86,395 shares of the company’s stock, valued at approximately $1,154,237.20. This represents a 3.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Jesse C. Crawford sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $12.81, for a total value of $12,810,000.00. Following the completion of the transaction, the insider owned 4,447,188 shares of the company’s stock, valued at approximately $56,968,478.28. The trade was a 18.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,020,093 shares of company stock worth $13,075,773. Insiders own 51.04% of the company’s stock.

About Crawford & Company

Crawford & Company (NYSE: CRD.B) is a global provider of claims management and related outsourcing services for the insurance industry. The company works with insurers, brokers, corporations and government entities to manage property and casualty claims throughout the claims life cycle.

Its services include loss adjusting, claims administration, catastrophe response, third-party claims management, workers’ compensation services, medical management and related consulting and technology solutions.