CorVel Co. (NASDAQ:CRVL) Shares Acquired by US Bancorp DE

US Bancorp DE increased its holdings in CorVel Co. (NASDAQ:CRVLGet Rating) by 16.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,119 shares of the business services provider’s stock after buying an additional 437 shares during the period. US Bancorp DE’s holdings in CorVel were worth $431,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Great West Life Assurance Co. Can boosted its holdings in shares of CorVel by 0.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 8,137 shares of the business services provider’s stock valued at $1,403,000 after buying an additional 70 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of CorVel by 2.4% in the 2nd quarter. Exchange Traded Concepts LLC now owns 4,114 shares of the business services provider’s stock valued at $606,000 after buying an additional 96 shares during the period. Texas Permanent School Fund boosted its holdings in shares of CorVel by 1.5% in the 2nd quarter. Texas Permanent School Fund now owns 6,757 shares of the business services provider’s stock valued at $995,000 after buying an additional 99 shares during the period. Martingale Asset Management L P boosted its stake in CorVel by 1.2% during the 2nd quarter. Martingale Asset Management L P now owns 8,674 shares of the business services provider’s stock valued at $1,278,000 after purchasing an additional 100 shares during the period. Finally, AQR Capital Management LLC boosted its stake in CorVel by 1.4% during the 2nd quarter. AQR Capital Management LLC now owns 9,354 shares of the business services provider’s stock valued at $1,378,000 after purchasing an additional 127 shares during the period. 50.75% of the stock is owned by institutional investors and hedge funds.

CorVel Stock Up 2.9 %

CorVel stock opened at $164.68 on Monday. The firm has a 50-day moving average price of $148.64 and a two-hundred day moving average price of $152.39. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 45.49 and a beta of 1.00. CorVel Co. has a 52-week low of $129.19 and a 52-week high of $183.20.

CorVel (NASDAQ:CRVLGet Rating) last posted its earnings results on Tuesday, November 1st. The business services provider reported $0.83 earnings per share (EPS) for the quarter. The firm had revenue of $177.43 million during the quarter. CorVel had a net margin of 9.40% and a return on equity of 31.22%.

Insiders Place Their Bets

In other CorVel news, Chairman V Gordon Clemons sold 500 shares of the business’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $156.43, for a total transaction of $78,215.00. Following the sale, the chairman now directly owns 442,920 shares in the company, valued at approximately $69,285,975.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other CorVel news, EVP Mark E. Bertels sold 750 shares of the business’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $153.00, for a total transaction of $114,750.00. Following the sale, the executive vice president now directly owns 850 shares in the company, valued at approximately $130,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman V Gordon Clemons sold 500 shares of the business’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $156.43, for a total transaction of $78,215.00. Following the sale, the chairman now owns 442,920 shares in the company, valued at $69,285,975.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,317 shares of company stock worth $2,032,034. 48.56% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of CorVel in a research note on Wednesday, October 12th. They set a “buy” rating for the company.

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.

Read More

Want to see what other hedge funds are holding CRVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CorVel Co. (NASDAQ:CRVLGet Rating).

Institutional Ownership by Quarter for CorVel (NASDAQ:CRVL)

Receive News & Ratings for CorVel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CorVel and related companies with MarketBeat.com's FREE daily email newsletter.