Texas Permanent School Fund Has $995,000 Stock Holdings in CorVel Co. (NASDAQ:CRVL)

Texas Permanent School Fund raised its stake in CorVel Co. (NASDAQ:CRVLGet Rating) by 1.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 6,757 shares of the business services provider’s stock after buying an additional 99 shares during the quarter. Texas Permanent School Fund’s holdings in CorVel were worth $995,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its holdings in CorVel by 9.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 26,312 shares of the business services provider’s stock valued at $3,875,000 after acquiring an additional 2,189 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of CorVel by 30.2% during the 1st quarter. Victory Capital Management Inc. now owns 35,837 shares of the business services provider’s stock worth $5,908,000 after buying an additional 8,315 shares in the last quarter. Quent Capital LLC acquired a new position in shares of CorVel during the 1st quarter worth $283,000. NewEdge Wealth LLC acquired a new position in shares of CorVel during the 1st quarter worth $920,000. Finally, Northeast Financial Consultants Inc acquired a new position in shares of CorVel during the 1st quarter worth $252,000. 50.55% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CorVel

In other CorVel news, Chairman V Gordon Clemons sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $153.16, for a total value of $153,160.00. Following the completion of the transaction, the chairman now owns 441,600 shares of the company’s stock, valued at approximately $67,635,456. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other CorVel news, Chairman V Gordon Clemons sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $153.16, for a total value of $153,160.00. Following the completion of the transaction, the chairman now owns 441,600 shares of the company’s stock, valued at approximately $67,635,456. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mark E. Bertels sold 750 shares of the company’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $153.00, for a total value of $114,750.00. Following the completion of the transaction, the executive vice president now directly owns 850 shares of the company’s stock, valued at approximately $130,050. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,751 shares of company stock valued at $915,210. Corporate insiders own 48.56% of the company’s stock.

CorVel Stock Performance

CorVel stock opened at $148.70 on Friday. CorVel Co. has a 52 week low of $129.19 and a 52 week high of $213.38. The stock has a market capitalization of $2.57 billion, a P/E ratio of 41.08 and a beta of 1.02. The stock has a fifty day moving average of $150.05 and a 200-day moving average of $151.79.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on CorVel in a report on Wednesday, October 12th. They set a “buy” rating for the company.

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.

See Also

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Institutional Ownership by Quarter for CorVel (NASDAQ:CRVL)

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