CorVel Co. (NASDAQ:CRVL) EVP Mark E. Bertels recently sold 250 shares of the company’s stock. The transaction took place on August 4th, with the shares being sold at an average price of $215.00. This resulted in a total transaction amount of $53,750. Following the sale, Bertels now directly owns 853 shares in the company, valued at $183,395.
CorVel, with a market capitalization of $3.70 billion, has a 52-week low of $135.81 and a 52-week high of $221.82. The company has a price-to-earnings ratio of 54.26 and a beta of 1.04. Its fifty-day moving average is $200.21, while the 200-day moving average is $193.75.
In its most recent quarterly earnings report, released on May 25th, CorVel reported earnings per share of $1.04. The company had a return on equity of 34.66% and a net margin of 9.49%. Its revenue for the quarter was $185.44 million.
Analysts have set new price targets for CorVel, while StockNews.com upgraded the stock from a “hold” rating to a “buy” rating in a research note.
A number of hedge funds and institutional investors have also made moves with CorVel stock. Altshuler Shaham Ltd and Financial Gravity Asset Management Inc. both recently acquired stakes in CorVel. Quadrant Capital Group LLC increased its holdings, while Eagle Bay Advisors LLC and Tower Research Capital LLC TRC also bought shares.
CorVel Corp. provides risk management and insurance services, including workers’ compensation, general liability, auto liability, and hospital bill auditing and payment integrity. The company operates through two segments: Patient Management Services and Network Solutions Services.
