Brandon O’brien Sells 1,523 Shares of CorVel Co. (NASDAQ:CRVL) Stock

CorVel Co. (NASDAQ:CRVL) CFO Brandon O’brien sold 1,523 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $119.56, for a total value of $182,089.88. Following the transaction, the chief financial officer now directly owns 17,142 shares in the company, valued at $2,049,497.52. This represents a 8.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CorVel Price Performance

Shares of NASDAQ CRVL opened at $117.33 on Friday. The business’s fifty day moving average price is $123.64 and its 200-day moving average price is $112.98. The stock has a market capitalization of $5.98 billion, a PE ratio of 69.02 and a beta of 1.16. CorVel Co. has a one year low of $76.20 and a one year high of $128.61.

CorVel (NASDAQ:CRVL) last issued its quarterly earnings data on Tuesday, February 4th. The business services provider reported $0.46 earnings per share (EPS) for the quarter. CorVel had a return on equity of 32.22% and a net margin of 10.12%.

Analysts Set New Price Targets

Separately, StockNews.com raised CorVel from a “hold” rating to a “buy” rating in a research report on Monday, February 10th.

Institutional Trading of CorVel

A number of institutional investors have recently added to or reduced their stakes in the stock. LGT Financial Advisors LLC lifted its holdings in CorVel by 200.0% during the 4th quarter. LGT Financial Advisors LLC now owns 255 shares of the business services provider’s stock worth $28,000 after purchasing an additional 170 shares in the last quarter. Comerica Bank increased its stake in CorVel by 197.6% in the 4th quarter. Comerica Bank now owns 25,623 shares of the business services provider’s stock worth $2,851,000 after acquiring an additional 17,013 shares during the last quarter. Voleon Capital Management LP bought a new position in CorVel in the 4th quarter worth about $846,000. Northern Trust Corp increased its stake in CorVel by 210.8% in the 4th quarter. Northern Trust Corp now owns 379,743 shares of the business services provider’s stock worth $42,250,000 after acquiring an additional 257,561 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in CorVel by 192.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 14,867 shares of the business services provider’s stock worth $1,654,000 after acquiring an additional 9,785 shares during the last quarter. Hedge funds and other institutional investors own 51.36% of the company’s stock.

About CorVel

CorVel Corporation provides workers’ compensation, auto, liability, and health solutions. 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. The company also offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement, retrospective utilization review, facility claim review, professional review, pharmacy, directed care, clearinghouse, independent medical examination, and inpatient medical bill review services, as well as Medicare solutions.