CorVel Corp. $CRVL Stake Increased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its holdings in CorVel Corp. (NASDAQ:CRVL) by 4.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,534 shares of the business services provider’s stock after purchasing an additional 217 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in CorVel were worth $569,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in CorVel by 58.6% during the first quarter. GAMMA Investing LLC now owns 685 shares of the business services provider’s stock valued at $77,000 after purchasing an additional 253 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of CorVel by 3.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 14,345 shares of the business services provider’s stock worth $1,606,000 after purchasing an additional 461 shares in the last quarter. Spire Wealth Management raised its stake in shares of CorVel by 8.1% during the 1st quarter. Spire Wealth Management now owns 5,516 shares of the business services provider’s stock worth $618,000 after purchasing an additional 413 shares in the last quarter. KBC Group NV raised its stake in shares of CorVel by 35.1% during the 1st quarter. KBC Group NV now owns 1,564 shares of the business services provider’s stock worth $175,000 after purchasing an additional 406 shares in the last quarter. Finally, Revisor Wealth Management LLC purchased a new stake in shares of CorVel during the 1st quarter worth about $201,000. Hedge funds and other institutional investors own 51.36% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

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

CorVel Stock Performance

Shares of NASDAQ:CRVL opened at $76.37 on Wednesday. The company has a market cap of $3.92 billion, a P/E ratio of 39.37 and a beta of 0.95. The stock’s 50-day moving average is $81.87 and its 200-day moving average is $96.77. CorVel Corp. has a 52-week low of $70.47 and a 52-week high of $128.61.

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

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.