CorVel Co. (CRVL) VP Michael Saverien Sells 1,000 Shares

CorVel Co. (NASDAQ:CRVL) VP Michael Saverien sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $66.37, for a total transaction of $66,370.00. Following the transaction, the vice president now owns 7,277 shares of the company’s stock, valued at approximately $482,974.49. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

CorVel stock traded down $0.37 during mid-day trading on Tuesday, hitting $66.70. 1,963 shares of the stock were exchanged, compared to its average volume of 44,778. CorVel Co. has a 12 month low of $46.45 and a 12 month high of $70.73. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 28.59 and a beta of 0.64.

CorVel (NASDAQ:CRVL) last released its quarterly earnings results on Tuesday, February 5th. The business services provider reported $0.54 earnings per share (EPS) for the quarter. CorVel had a net margin of 7.45% and a return on equity of 23.84%. The firm had revenue of $146.08 million during the quarter.

Separately, BidaskClub lowered shares of CorVel from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 24th.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in CorVel by 1.4% during the 4th quarter. BlackRock Inc. now owns 1,437,286 shares of the business services provider’s stock worth $88,710,000 after purchasing an additional 19,211 shares during the last quarter. Vanguard Group Inc grew its position in shares of CorVel by 2.3% during the 3rd quarter. Vanguard Group Inc now owns 994,950 shares of the business services provider’s stock worth $59,945,000 after buying an additional 22,448 shares during the period. Vanguard Group Inc. grew its position in shares of CorVel by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 994,950 shares of the business services provider’s stock worth $59,945,000 after buying an additional 22,448 shares during the period. Dimensional Fund Advisors LP grew its position in shares of CorVel by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 805,644 shares of the business services provider’s stock worth $49,725,000 after buying an additional 9,667 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of CorVel by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 201,033 shares of the business services provider’s stock worth $12,407,000 after buying an additional 17,264 shares during the period. Hedge funds and other institutional investors own 46.76% of the company’s stock.

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CorVel Company Profile

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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