Mutual of America Capital Management LLC Purchases 70 Shares of CorVel Co. (NASDAQ:CRVL)

Mutual of America Capital Management LLC boosted its position in CorVel Co. (NASDAQ:CRVLGet Rating) by 5.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,353 shares of the business services provider’s stock after acquiring an additional 70 shares during the period. Mutual of America Capital Management LLC’s holdings in CorVel were worth $228,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CRVL. Allspring Global Investments Holdings LLC bought a new stake in CorVel in the 4th quarter worth $995,000. State of New Jersey Common Pension Fund D bought a new stake in CorVel in the 4th quarter worth $1,613,000. Yousif Capital Management LLC bought a new stake in shares of CorVel during the 4th quarter valued at about $1,931,000. CWM LLC bought a new stake in shares of CorVel during the 4th quarter valued at about $74,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of CorVel by 1,139.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 31,498 shares of the business services provider’s stock valued at $6,552,000 after purchasing an additional 28,956 shares in the last quarter. Institutional investors own 51.06% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TheStreet raised shares of CorVel from a “c+” rating to a “b” rating in a research note on Friday, July 15th.

CorVel Trading Up 1.6 %

Shares of CRVL opened at $168.11 on Wednesday. The firm’s 50-day moving average price is $148.58 and its 200-day moving average price is $158.83. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 46.06 and a beta of 0.95. CorVel Co. has a 1-year low of $129.19 and a 1-year high of $213.38.

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

Insiders Place Their Bets

In other news, major shareholder Corstar Holdings Inc sold 335 shares of CorVel stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $154.00, for a total transaction of $51,590.00. Following the completion of the transaction, the insider now directly owns 6,473,701 shares in the company, valued at $996,949,954. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Jennifer Yoss sold 1,694 shares of the stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $141.14, for a total transaction of $239,091.16. Following the sale, the vice president now directly owns 289 shares of the company’s stock, valued at approximately $40,789.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Corstar Holdings Inc sold 335 shares of CorVel stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $154.00, for a total transaction of $51,590.00. Following the completion of the transaction, the insider now directly owns 6,473,701 shares of the company’s stock, valued at $996,949,954. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,058 shares of company stock worth $10,423,768. 48.56% of the stock is currently owned by company insiders.

CorVel 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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Institutional Ownership by Quarter for CorVel (NASDAQ:CRVL)

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