CorVel Co. (CRVL) Major Shareholder Sells $427,645.17 in Stock

CorVel Co. (NASDAQ:CRVL) major shareholder Corstar Holdings Inc sold 6,399 shares of CorVel stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $66.83, for a total value of $427,645.17. Following the sale, the insider now directly owns 6,995,381 shares of the company’s stock, valued at approximately $467,501,312.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Friday, November 30th, Corstar Holdings Inc sold 18,598 shares of CorVel stock. The stock was sold at an average price of $68.42, for a total value of $1,272,475.16.
  • 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value of $1,134,291.20.

Shares of NASDAQ:CRVL opened at $69.70 on Monday. CorVel Co. has a 12-month low of $46.45 and a 12-month high of $70.20. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 30.84 and a beta of 0.53.

A number of large investors have recently made changes to their positions in CRVL. Principal Financial Group Inc. lifted its holdings in CorVel by 3.1% in the first quarter. Principal Financial Group Inc. now owns 77,515 shares of the business services provider’s stock valued at $3,918,000 after acquiring an additional 2,363 shares during the period. Allianz Asset Management GmbH lifted its holdings in CorVel by 87.9% in the first quarter. Allianz Asset Management GmbH now owns 10,437 shares of the business services provider’s stock valued at $528,000 after acquiring an additional 4,883 shares during the period. Eqis Capital Management Inc. acquired a new position in CorVel in the second quarter valued at approximately $437,000. Piedmont Investment Advisors LLC acquired a new position in CorVel in the second quarter valued at approximately $121,000. Finally, TD Asset Management Inc. acquired a new position in CorVel in the second quarter valued at approximately $1,480,000. 45.66% of the stock is owned by institutional investors.

Separately, BidaskClub raised CorVel from a “buy” rating to a “strong-buy” rating in a report on Friday, August 17th.

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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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