Mark E. Bertels Sells 350 Shares of CorVel Co. (NASDAQ:CRVL) Stock

CorVel Co. (NASDAQ:CRVL) EVP Mark E. Bertels sold 350 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $357.35, for a total transaction of $125,072.50. Following the sale, the executive vice president now directly owns 860 shares of the company’s stock, valued at $307,321. This represents a 28.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

CorVel Stock Performance

CRVL opened at $357.82 on Wednesday. CorVel Co. has a 1 year low of $221.82 and a 1 year high of $381.73. The firm has a 50 day moving average price of $333.20 and a 200 day moving average price of $301.73. The company has a market cap of $6.13 billion, a PE ratio of 75.97 and a beta of 1.14.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded CorVel from a “buy” rating to a “hold” rating in a research report on Saturday, August 31st.

Institutional Investors Weigh In On CorVel

Several large investors have recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC boosted its position in CorVel by 1.1% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,925,635 shares of the business services provider’s stock worth $489,631,000 after purchasing an additional 21,673 shares during the period. State Street Corp lifted its stake in shares of CorVel by 0.8% during the third quarter. State Street Corp now owns 360,068 shares of the business services provider’s stock worth $117,703,000 after purchasing an additional 2,959 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of CorVel by 3.9% in the third quarter. Geode Capital Management LLC now owns 253,870 shares of the business services provider’s stock worth $83,000,000 after buying an additional 9,571 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of CorVel by 41.8% in the second quarter. Assenagon Asset Management S.A. now owns 115,876 shares of the business services provider’s stock valued at $29,464,000 after buying an additional 34,155 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of CorVel by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 86,236 shares of the business services provider’s stock valued at $28,190,000 after buying an additional 6,061 shares during the period. Institutional investors and hedge funds own 51.36% of the company’s stock.

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.