Mark E. Bertels Sells 750 Shares of CorVel Co. (NASDAQ:CRVL) Stock

CorVel Co. (NASDAQ:CRVLGet Rating) EVP Mark E. Bertels sold 750 shares of the stock in a transaction dated Tuesday, November 15th. The shares were 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 in the company, valued at approximately $130,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CorVel Stock Performance

CRVL stock opened at $148.70 on Monday. CorVel Co. has a fifty-two week low of $129.19 and a fifty-two week high of $213.38. The business’s 50-day moving average is $150.05 and its two-hundred day moving average is $151.75. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 41.08 and a beta of 1.02.

Wall Street Analysts Forecast Growth

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

Institutional Trading of CorVel

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Balyasny Asset Management LLC purchased a new stake in CorVel in the third quarter worth about $299,000. Jane Street Group LLC increased its position in CorVel by 472.5% in the third quarter. Jane Street Group LLC now owns 8,359 shares of the business services provider’s stock worth $1,157,000 after buying an additional 6,899 shares in the last quarter. BNP Paribas Arbitrage SNC increased its position in CorVel by 72.5% in the third quarter. BNP Paribas Arbitrage SNC now owns 4,311 shares of the business services provider’s stock worth $597,000 after buying an additional 1,812 shares in the last quarter. Alliancebernstein L.P. increased its position in CorVel by 0.9% in the third quarter. Alliancebernstein L.P. now owns 14,353 shares of the business services provider’s stock worth $1,987,000 after buying an additional 131 shares in the last quarter. Finally, State Street Corp increased its position in CorVel by 2.0% in the third quarter. State Street Corp now owns 325,172 shares of the business services provider’s stock worth $45,014,000 after buying an additional 6,383 shares in the last quarter. Hedge funds and other institutional investors own 50.55% of the company’s stock.

About CorVel

(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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Insider Buying and Selling by Quarter for CorVel (NASDAQ:CRVL)

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