CorVel Co. (NASDAQ:CRVL) CFO Brandon O’brien Sells 1,204 Shares

CorVel Co. (NASDAQ:CRVL – Get Rating) CFO Brandon O’brien sold 1,204 shares of the stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $134.01, for a total value of $161,348.04. Following the transaction, the chief financial officer now owns 2,664 shares of the company’s stock, valued at $357,002.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

CRVL stock opened at $131.96 on Friday. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 36.15 and a beta of 0.98. CorVel Co. has a twelve month low of $119.29 and a twelve month high of $213.38. The business’s fifty day simple moving average is $155.16 and its two-hundred day simple moving average is $170.01.

CorVel (NASDAQ:CRVL – Get Rating) last announced its quarterly earnings results on Thursday, May 26th. The business services provider reported $1.09 EPS for the quarter. The firm had revenue of $171.36 million for the quarter. CorVel had a return on equity of 30.16% and a net margin of 10.28%.

Several institutional investors have recently made changes to their positions in CRVL. FMR LLC increased its stake in shares of CorVel by 92.6% during the first quarter. FMR LLC now owns 53,900 shares of the business services provider’s stock valued at $3,516,000 after buying an additional 25,918 shares during the period. Royal Bank of Canada boosted its position in CorVel by 87.8% during the second quarter. Royal Bank of Canada now owns 1,110 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 519 shares in the last quarter. Morgan Stanley boosted its position in CorVel by 36.1% during the second quarter. Morgan Stanley now owns 44,899 shares of the business services provider’s stock valued at $6,030,000 after purchasing an additional 11,907 shares in the last quarter. Hsbc Holdings PLC bought a new stake in CorVel during the third quarter valued at about $239,000. Finally, Ensign Peak Advisors Inc boosted its position in CorVel by 6.5% during the third quarter. Ensign Peak Advisors Inc now owns 4,900 shares of the business services provider’s stock valued at $912,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 51.06% of the company’s stock.

Separately, StockNews.com assumed coverage on CorVel in a report on Thursday, March 31st. They set a “buy” rating on the stock.

CorVel Company Profile (Get Rating)

CorVel Corporation provides workers' compensation, auto, liability, and health solutions for employers, third party administrators, insurance companies, and government agencies to assist them in managing the medical costs and monitoring the quality of care associated with healthcare claims. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs.

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