The Manufacturers Life Insurance Company Has $1.66 Million Stake in CorVel Co. (NASDAQ:CRVL)

The Manufacturers Life Insurance Company lessened its stake in CorVel Co. (NASDAQ:CRVL) by 1.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,082 shares of the business services provider’s stock after selling 57 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in CorVel were worth $1,661,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. grew its position in shares of CorVel by 41.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 115,876 shares of the business services provider’s stock valued at $29,464,000 after purchasing an additional 34,155 shares during the period. Quest Partners LLC grew its stake in shares of CorVel by 184,200.0% in the second quarter. Quest Partners LLC now owns 1,843 shares of the business services provider’s stock valued at $469,000 after buying an additional 1,842 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of CorVel by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 86,236 shares of the business services provider’s stock worth $28,190,000 after purchasing an additional 6,061 shares during the last quarter. Cerity Partners LLC acquired a new stake in shares of CorVel in the third quarter valued at approximately $773,000. Finally, Texas Permanent School Fund Corp lifted its holdings in CorVel by 15.2% during the 2nd quarter. Texas Permanent School Fund Corp now owns 9,137 shares of the business services provider’s stock valued at $2,323,000 after purchasing an additional 1,208 shares during the last quarter. 51.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered CorVel from a “buy” rating to a “hold” rating in a report on Saturday, August 31st.

Insider Transactions at CorVel

In other news, EVP Mark E. Bertels sold 350 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $357.35, for a total transaction of $125,072.50. Following the completion of the transaction, the executive vice president now owns 860 shares of the company’s stock, valued at approximately $307,321. The trade was a 28.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 47.57% of the stock is currently owned by insiders.

CorVel Stock Down 0.6 %

CRVL stock opened at $350.30 on Tuesday. The company has a market cap of $6.00 billion, a PE ratio of 74.37 and a beta of 1.14. CorVel Co. has a 52 week low of $221.82 and a 52 week high of $381.73. The business has a 50-day simple moving average of $333.20 and a 200 day simple moving average of $301.73.

CorVel Profile

CorVel Corporation provides workers’ compensation, auto, liability, and health solutions. 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. The company also offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement, retrospective utilization review, facility claim review, professional review, pharmacy, directed care, clearinghouse, independent medical examination, and inpatient medical bill review services, as well as Medicare solutions.