Voya Investment Management LLC Sells 790 Shares of CorVel Corp. $CRVL

Voya Investment Management LLC trimmed its holdings in shares of CorVel Corp. (NASDAQ:CRVL) by 9.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,247 shares of the business services provider’s stock after selling 790 shares during the period. Voya Investment Management LLC’s holdings in CorVel were worth $811,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CRVL. Principal Financial Group Inc. increased its position in shares of CorVel by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 143,654 shares of the business services provider’s stock valued at $16,085,000 after purchasing an additional 3,818 shares during the last quarter. Algert Global LLC boosted its stake in CorVel by 5.6% in the 1st quarter. Algert Global LLC now owns 103,079 shares of the business services provider’s stock worth $11,542,000 after purchasing an additional 5,430 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of CorVel by 5.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,570 shares of the business services provider’s stock valued at $11,037,000 after acquiring an additional 4,964 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of CorVel by 234.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 93,606 shares of the business services provider’s stock valued at $10,415,000 after acquiring an additional 65,620 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its position in shares of CorVel by 27.4% during the 1st quarter. Public Sector Pension Investment Board now owns 86,307 shares of the business services provider’s stock valued at $9,664,000 after acquiring an additional 18,576 shares during the last quarter. 51.36% of the stock is currently owned by institutional investors.

Insider Activity at CorVel

In other CorVel news, insider Maxim Shishin sold 12,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $89.16, for a total transaction of $1,069,920.00. Following the transaction, the insider directly owned 7,050 shares in the company, valued at $628,578. This trade represents a 62.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Brandon O’brien sold 1,764 shares of CorVel stock in a transaction on Monday, September 8th. The shares were sold at an average price of $91.54, for a total value of $161,476.56. Following the completion of the transaction, the chief financial officer owned 8,948 shares in the company, valued at $819,099.92. This represents a 16.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 44.56% of the stock is owned by company insiders.

CorVel Stock Performance

CorVel stock opened at $79.18 on Thursday. The stock has a fifty day moving average of $87.78 and a 200 day moving average of $101.39. The stock has a market cap of $4.06 billion, a PE ratio of 40.81 and a beta of 0.96. CorVel Corp. has a one year low of $78.63 and a one year high of $128.61.

CorVel (NASDAQ:CRVL) last released its earnings results on Tuesday, August 5th. The business services provider reported $0.52 earnings per share (EPS) for the quarter. CorVel had a return on equity of 32.31% and a net margin of 10.98%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded CorVel from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th.

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.