Jeffrey J. Michael Sells 10,477 Shares of CorVel Co. (NASDAQ:CRVL) Stock

CorVel Co. (NASDAQ:CRVL) Director Jeffrey J. Michael sold 10,477 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $116.45, for a total value of $1,220,046.65. Following the completion of the sale, the director now owns 568,310 shares in the company, valued at approximately $66,179,699.50. This represents a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CorVel Trading Down 2.1 %

CorVel stock opened at $103.89 on Thursday. CorVel Co. has a 52 week low of $76.20 and a 52 week high of $128.61. The stock has a market cap of $5.34 billion, a price-to-earnings ratio of 61.11 and a beta of 1.06. The company’s 50-day moving average price is $112.40 and its two-hundred day moving average price is $114.13.

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

Analyst Ratings Changes

Separately, StockNews.com raised CorVel from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its position in CorVel by 193.7% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,714,351 shares of the business services provider’s stock worth $635,779,000 after acquiring an additional 3,768,440 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of CorVel by 202.1% in the 4th quarter. Vanguard Group Inc. now owns 3,281,649 shares of the business services provider’s stock worth $365,116,000 after purchasing an additional 2,195,466 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of CorVel by 184.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,858,830 shares of the business services provider’s stock worth $206,813,000 after purchasing an additional 1,204,611 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in CorVel by 187.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,545,619 shares of the business services provider’s stock worth $171,969,000 after buying an additional 1,007,651 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its position in CorVel by 204.6% in the fourth quarter. Neuberger Berman Group LLC now owns 845,531 shares of the business services provider’s stock worth $94,074,000 after buying an additional 567,984 shares during the last quarter. Institutional investors own 51.36% of the company’s stock.

CorVel Company Profile

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.