Insider Selling: CorVel Co. (CRVL) Chairman Sells $62,070.00 in Stock

CorVel Co. (NASDAQ:CRVL) Chairman V Gordon Clemons sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, January 10th. The stock was sold at an average price of $62.07, for a total value of $62,070.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

V Gordon Clemons also recently made the following trade(s):

  • On Friday, January 4th, V Gordon Clemons sold 1,000 shares of CorVel stock. The stock was sold at an average price of $61.70, for a total value of $61,700.00.
  • On Tuesday, January 8th, V Gordon Clemons sold 3,000 shares of CorVel stock. The stock was sold at an average price of $62.50, for a total value of $187,500.00.
  • On Wednesday, January 2nd, V Gordon Clemons sold 1,000 shares of CorVel stock. The shares were sold at an average price of $61.44, for a total value of $61,440.00.
  • On Tuesday, December 31st, V Gordon Clemons sold 1,000 shares of CorVel stock. The shares were sold at an average price of $62.26, for a total value of $62,260.00.
  • On Friday, December 28th, V Gordon Clemons sold 2,000 shares of CorVel stock. The shares were sold at an average price of $61.54, for a total value of $123,080.00.
  • On Monday, December 24th, V Gordon Clemons sold 1,000 shares of CorVel stock. The shares were sold at an average price of $60.22, for a total value of $60,220.00.
  • On Wednesday, December 26th, V Gordon Clemons sold 2,000 shares of CorVel stock. The shares were sold at an average price of $60.13, for a total value of $120,260.00.
  • On Friday, December 21st, V Gordon Clemons sold 1,000 shares of CorVel stock. The shares were sold at an average price of $60.49, for a total value of $60,490.00.
  • On Wednesday, December 19th, V Gordon Clemons sold 2,000 shares of CorVel stock. The shares were sold at an average price of $62.56, for a total value of $125,120.00.
  • On Friday, December 14th, V Gordon Clemons sold 2,000 shares of CorVel stock. The shares were sold at an average price of $65.06, for a total value of $130,120.00.

CRVL opened at $62.00 on Monday. CorVel Co. has a 1-year low of $46.45 and a 1-year high of $70.73. The firm has a market capitalization of $1.16 billion, a P/E ratio of 27.40 and a beta of 0.66.

CorVel (NASDAQ:CRVL) last posted its quarterly earnings results on Tuesday, October 30th. The business services provider reported $0.67 earnings per share for the quarter. CorVel had a return on equity of 24.51% and a net margin of 7.39%. The business had revenue of $148.18 million for the quarter.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. MetLife Investment Advisors LLC increased its position in shares of CorVel by 15.2% in the third quarter. MetLife Investment Advisors LLC now owns 6,135 shares of the business services provider’s stock worth $370,000 after purchasing an additional 810 shares during the period. Legal & General Group Plc increased its position in shares of CorVel by 3.8% in the third quarter. Legal & General Group Plc now owns 22,605 shares of the business services provider’s stock worth $1,358,000 after purchasing an additional 821 shares during the period. SG Americas Securities LLC increased its position in shares of CorVel by 66.0% in the second quarter. SG Americas Securities LLC now owns 3,446 shares of the business services provider’s stock worth $186,000 after purchasing an additional 1,370 shares during the period. Bank of New York Mellon Corp increased its position in shares of CorVel by 1.2% in the third quarter. Bank of New York Mellon Corp now owns 126,738 shares of the business services provider’s stock worth $7,636,000 after purchasing an additional 1,498 shares during the period. Finally, Panagora Asset Management Inc. increased its position in shares of CorVel by 3.9% in the third quarter. Panagora Asset Management Inc. now owns 40,342 shares of the business services provider’s stock worth $2,431,000 after purchasing an additional 1,511 shares during the period. Institutional investors own 45.64% of the company’s stock.

Separately, BidaskClub upgraded CorVel from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 18th.

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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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