4,500 Shares in CorVel Co. (NASDAQ:CRVL) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in shares of CorVel Co. (NASDAQ:CRVL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,500 shares of the business services provider’s stock, valued at approximately $1,112,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CRVL. SG Americas Securities LLC bought a new stake in CorVel during the 3rd quarter worth approximately $853,000. Exchange Traded Concepts LLC increased its holdings in shares of CorVel by 2,627.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,973 shares of the business services provider’s stock worth $585,000 after buying an additional 2,864 shares during the last quarter. Boston Trust Walden Corp increased its holdings in shares of CorVel by 6.9% in the 3rd quarter. Boston Trust Walden Corp now owns 278,027 shares of the business services provider’s stock worth $54,674,000 after buying an additional 17,954 shares during the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of CorVel by 14.7% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 1,485 shares of the business services provider’s stock worth $292,000 after buying an additional 190 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in shares of CorVel by 34.1% in the 3rd quarter. Raymond James & Associates now owns 59,060 shares of the business services provider’s stock worth $11,614,000 after buying an additional 15,030 shares during the last quarter. Institutional investors own 51.36% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of CorVel from a “buy” rating to a “hold” rating in a report on Saturday, March 16th.

CorVel Price Performance

Shares of NASDAQ:CRVL opened at $240.08 on Wednesday. The company’s fifty day moving average price is $244.88 and its 200-day moving average price is $229.94. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 55.57 and a beta of 1.07. CorVel Co. has a one year low of $187.92 and a one year high of $265.14.

CorVel (NASDAQ:CRVL) last announced its quarterly earnings data on Tuesday, January 30th. The business services provider reported $0.99 earnings per share (EPS) for the quarter. CorVel had a net margin of 9.69% and a return on equity of 34.66%. The company had revenue of $202.30 million during the quarter.

Insider Activity

In other news, CEO Michael G. Combs sold 301 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $246.82, for a total value of $74,292.82. Following the completion of the sale, the chief executive officer now owns 21,082 shares of the company’s stock, valued at approximately $5,203,459.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Michael G. Combs sold 301 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $246.82, for a total value of $74,292.82. Following the completion of the sale, the chief executive officer now owns 21,082 shares of the company’s stock, valued at approximately $5,203,459.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman V Gordon Clemons sold 3,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $239.70, for a total transaction of $719,100.00. Following the completion of the sale, the chairman now directly owns 315,534 shares of the company’s stock, valued at approximately $75,633,499.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,043 shares of company stock valued at $3,960,007. Corporate insiders own 48.71% of the company’s stock.

CorVel Profile

CorVel Corporation provides workers' compensation, auto, liability, and health solutions for employers, third party administrators, insurance companies, and government agencies to assist them in managing the medical costs and monitoring the quality of care associated with healthcare claims. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs.