CorVel Co. (NASDAQ:CRVL) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG increased its holdings in CorVel Co. (NASDAQ:CRVL) by 346.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 24,237 shares of the business services provider’s stock after buying an additional 18,814 shares during the period. Deutsche Bank AG’s holdings in CorVel were worth $2,697,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. boosted its holdings in shares of CorVel by 152.8% in the 4th quarter. Victory Capital Management Inc. now owns 109,084 shares of the business services provider’s stock valued at $12,137,000 after buying an additional 65,940 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in CorVel by 297.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,900 shares of the business services provider’s stock valued at $768,000 after purchasing an additional 5,163 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in CorVel by 199.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,343 shares of the business services provider’s stock valued at $594,000 after purchasing an additional 3,558 shares during the period. Federated Hermes Inc. boosted its stake in CorVel by 154.9% during the 4th quarter. Federated Hermes Inc. now owns 492 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 299 shares during the period. Finally, American Century Companies Inc. boosted its stake in CorVel by 200.8% during the 4th quarter. American Century Companies Inc. now owns 13,832 shares of the business services provider’s stock valued at $1,539,000 after purchasing an additional 9,233 shares during the period. 51.36% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CorVel news, Director Jeffrey J. Michael sold 16,523 shares of the business’s stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $116.99, for a total transaction of $1,933,025.77. Following the sale, the director now directly owns 551,787 shares in the company, valued at approximately $64,553,561.13. The trade was a 2.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 47.57% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of CorVel from a “hold” rating to a “buy” rating in a research note on Friday, April 18th.

CorVel Stock Down 1.2%

CorVel stock opened at $112.30 on Thursday. The firm has a 50-day moving average price of $111.72 and a two-hundred day moving average price of $116.61. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 66.06 and a beta of 1.10. CorVel Co. has a 52-week low of $76.53 and a 52-week high of $128.61.

CorVel Company 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.