CorVel Corp. $CRVL Shares Bought by Blue Trust Inc.

Blue Trust Inc. raised its stake in CorVel Corp. (NASDAQ:CRVL) by 235.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 550 shares of the business services provider’s stock after acquiring an additional 386 shares during the period. Blue Trust Inc.’s holdings in CorVel were worth $57,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Callan Family Office LLC boosted its stake in CorVel by 1,101.3% in the second quarter. Callan Family Office LLC now owns 51,452 shares of the business services provider’s stock valued at $5,288,000 after acquiring an additional 47,169 shares in the last quarter. KLP Kapitalforvaltning AS boosted its stake in CorVel by 20.4% in the second quarter. KLP Kapitalforvaltning AS now owns 6,500 shares of the business services provider’s stock valued at $668,000 after acquiring an additional 1,100 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in CorVel by 7.5% in the second quarter. State of Alaska Department of Revenue now owns 16,209 shares of the business services provider’s stock valued at $1,665,000 after acquiring an additional 1,126 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in CorVel by 720.9% in the second quarter. Assenagon Asset Management S.A. now owns 102,478 shares of the business services provider’s stock valued at $10,533,000 after acquiring an additional 89,994 shares in the last quarter. Finally, Gallacher Capital Management LLC boosted its stake in CorVel by 50.0% in the second quarter. Gallacher Capital Management LLC now owns 2,999 shares of the business services provider’s stock valued at $308,000 after acquiring an additional 999 shares in the last quarter. Institutional investors and hedge funds own 51.36% of the company’s stock.

Insider Transactions at CorVel

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

CorVel Stock Up 1.3%

Shares of NASDAQ:CRVL opened at $71.48 on Friday. The company has a market cap of $3.67 billion, a P/E ratio of 36.85 and a beta of 0.95. CorVel Corp. has a 52 week low of $70.47 and a 52 week high of $128.61. The company has a 50-day moving average price of $82.41 and a 200 day moving average price of $97.26.

CorVel (NASDAQ:CRVL) last announced its quarterly earnings data on Tuesday, August 5th. The business services provider reported $0.52 EPS for the quarter. The firm had revenue of $234.71 million during the quarter. CorVel had a net margin of 10.98% and a return on equity of 32.31%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of CorVel in a research note on Tuesday, October 14th. Wall Street Zen upgraded shares of CorVel from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

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.