Crawford & Company (NYSE:CRD.B) Sees Unusually-High Trading Volume After Dividend Announcement

Crawford & Company (NYSE:CRD.B) shares saw an uptick in trading volume on Monday after the company announced a dividend. 26,075 shares were traded during mid-day trading, an increase of 159% from the previous session’s volume of 10,087 shares.The stock last traded at $10.64 and had previously closed at $10.15.

The newly announced dividend which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Friday, May 23rd. Crawford & Company’s payout ratio is 46.67%.

Crawford & Company Price Performance

The business has a 50-day simple moving average of $10.53 and a 200 day simple moving average of $11.10. The firm has a market cap of $539.05 million, a P/E ratio of 27.25 and a beta of 0.77. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.28 and a current ratio of 1.28.

Crawford & Company (NYSE:CRD.B) last announced its earnings results on Monday, May 5th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. Crawford & Company had a return on equity of 22.34% and a net margin of 1.55%. The firm had revenue of $312.03 million during the quarter, compared to analyst estimates of $321.90 million. On average, analysts anticipate that Crawford & Company will post 0.83 earnings per share for the current fiscal year.

Insider Activity

In other Crawford & Company news, SVP Tami E. Stevenson sold 4,100 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $11.81, for a total value of $48,421.00. Following the transaction, the senior vice president now directly owns 35,732 shares in the company, valued at approximately $421,994.92. This trade represents a 10.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO William B. Swain, Jr. sold 9,659 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $10.85, for a total value of $104,800.15. Following the completion of the sale, the chief financial officer now owns 319,331 shares of the company’s stock, valued at approximately $3,464,741.35. The trade was a 2.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,759 shares of company stock worth $359,221 over the last three months. 51.04% of the stock is currently owned by corporate insiders.

About Crawford & Company

Crawford & Co engages in the provision of claims management and outsourcing solutions to carriers, brokers, and corporates. It operates through the following segments: Crawford Loss Adjusting, Crawford TPA Solutions, and Crawford Platform Solutions. The Crawford Loss Adjusting segment consists of adjusting services provided to insurance companies and self-insured entities related to property and casualty losses caused by physical damage to commercial and residential real property and certain types of personal property.