CorVel Co. (NASDAQ:CRVL) Shares Acquired by Nuveen Asset Management LLC

Nuveen Asset Management LLC lifted its stake in shares of CorVel Co. (NASDAQ:CRVL) by 116.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 75,621 shares of the business services provider’s stock after purchasing an additional 40,715 shares during the quarter. Nuveen Asset Management LLC owned about 0.15% of CorVel worth $8,414,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CRVL. LGT Financial Advisors LLC boosted its position in shares of CorVel by 200.0% in the 4th quarter. LGT Financial Advisors LLC now owns 255 shares of the business services provider’s stock worth $28,000 after buying an additional 170 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of CorVel by 6,350.0% in the 4th quarter. Bessemer Group Inc. now owns 258 shares of the business services provider’s stock worth $29,000 after buying an additional 254 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of CorVel by 45.9% in the 4th quarter. Fifth Third Bancorp now owns 321 shares of the business services provider’s stock worth $36,000 after buying an additional 101 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of CorVel in the 4th quarter worth about $37,000. Finally, US Bancorp DE boosted its position in shares of CorVel by 225.4% in the 4th quarter. US Bancorp DE now owns 384 shares of the business services provider’s stock worth $43,000 after buying an additional 266 shares in the last quarter. 51.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CorVel

In other news, Director Jeffrey J. Michael sold 16,523 shares of the company’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 completion of the transaction, the director now owns 551,787 shares of the company’s stock, valued at $64,553,561.13. This represents a 2.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 47.57% of the stock is owned by insiders.

CorVel Trading Down 1.9%

NASDAQ:CRVL opened at $110.44 on Thursday. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 64.97 and a beta of 1.10. The company’s 50-day moving average is $112.18 and its two-hundred day moving average is $116.60. CorVel Co. has a 12-month low of $76.53 and a 12-month high of $128.61.

CorVel (NASDAQ:CRVL) last released its earnings results on Thursday, May 22nd. The business services provider reported $0.51 earnings per share (EPS) for the quarter. The company had revenue of $231.51 million for the quarter. CorVel had a net margin of 10.12% and a return on equity of 32.22%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of CorVel from a “hold” rating to a “buy” rating in a report on Friday, April 18th.

About CorVel

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.