CorVel Co. (CRVL) Major Shareholder Corstar Holdings Inc Sells 18,598 Shares

CorVel Co. (NASDAQ:CRVL) major shareholder Corstar Holdings Inc sold 18,598 shares of the firm’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $68.42, for a total transaction of $1,272,475.16. Following the completion of the sale, the insider now owns 6,995,381 shares in the company, valued at approximately $478,623,968.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Corstar Holdings Inc also recently made the following trade(s):

  • On Wednesday, November 28th, Corstar Holdings Inc sold 6,399 shares of CorVel stock. The stock was sold at an average price of $66.83, for a total transaction of $427,645.17.
  • On Monday, November 26th, Corstar Holdings Inc sold 3,719 shares of CorVel stock. The stock was sold at an average price of $65.75, for a total transaction of $244,524.25.
  • On Friday, November 23rd, Corstar Holdings Inc sold 1,204 shares of CorVel stock. The stock was sold at an average price of $65.26, for a total transaction of $78,573.04.
  • On Monday, November 19th, Corstar Holdings Inc sold 5,420 shares of CorVel stock. The stock was sold at an average price of $65.41, for a total transaction of $354,522.20.
  • On Wednesday, November 21st, Corstar Holdings Inc sold 9,250 shares of CorVel stock. The stock was sold at an average price of $65.37, for a total transaction of $604,672.50.
  • On Thursday, November 15th, Corstar Holdings Inc sold 13,217 shares of CorVel stock. The stock was sold at an average price of $63.86, for a total transaction of $844,037.62.
  • On Friday, November 9th, Corstar Holdings Inc sold 2,200 shares of CorVel stock. The stock was sold at an average price of $64.20, for a total transaction of $141,240.00.
  • On Monday, November 12th, Corstar Holdings Inc sold 12,484 shares of CorVel stock. The stock was sold at an average price of $64.68, for a total transaction of $807,465.12.
  • On Monday, November 5th, Corstar Holdings Inc sold 5,727 shares of CorVel stock. The stock was sold at an average price of $61.35, for a total transaction of $351,351.45.
  • On Wednesday, November 7th, Corstar Holdings Inc sold 18,085 shares of CorVel stock. The stock was sold at an average price of $62.72, for a total transaction of $1,134,291.20.

CRVL stock traded up $0.74 during midday trading on Friday, hitting $69.70. The stock had a trading volume of 77,333 shares, compared to its average volume of 35,807. The stock has a market cap of $1.29 billion, a P/E ratio of 30.51 and a beta of 0.54. CorVel Co. has a 52 week low of $46.45 and a 52 week high of $70.20.

Separately, BidaskClub upgraded shares of CorVel from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 30th.

Hedge funds have recently modified their holdings of the stock. United Services Automobile Association lifted its position in CorVel by 16.3% in the second quarter. United Services Automobile Association now owns 121,449 shares of the business services provider’s stock worth $6,558,000 after purchasing an additional 17,035 shares during the period. Legal & General Group Plc lifted its position in CorVel by 4.7% in the second quarter. Legal & General Group Plc now owns 21,784 shares of the business services provider’s stock worth $1,173,000 after purchasing an additional 979 shares during the period. Ancora Advisors LLC lifted its position in CorVel by 11.8% in the third quarter. Ancora Advisors LLC now owns 131,461 shares of the business services provider’s stock worth $7,921,000 after purchasing an additional 13,839 shares during the period. Raymond James & Associates lifted its position in CorVel by 17.4% in the second quarter. Raymond James & Associates now owns 13,495 shares of the business services provider’s stock worth $729,000 after purchasing an additional 2,002 shares during the period. Finally, Lyell Wealth Management LP bought a new position in CorVel in the third quarter worth $723,000. 45.47% of the stock is owned by hedge funds and other institutional investors.

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About CorVel

CorVel Corporation provides workers' compensation solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. It applies technology, intelligence, and a human touch to the risk management process that enables its clients to intervene early and connected to the critical intelligence they need to proactively manage risk.

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

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