Crawford & Company (NYSE:CRD.B) Shares Gap Down After Insider Selling

Shares of Crawford & Company (NYSE:CRD.B) gapped down prior to trading on Wednesday following insider selling activity. The stock had previously closed at $10.58, but opened at $10.02. Crawford & Company shares last traded at $10.69, with a volume of 110 shares trading hands.

Specifically, SVP Tami E. Stevenson sold 4,550 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $10.92, for a total value of $49,686.00. Following the sale, the senior vice president now owns 31,182 shares of the company’s stock, valued at $340,507.44. This trade represents a 12.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Crawford & Company Trading Up 1.4%

The stock has a 50 day moving average of $10.51 and a 200 day moving average of $11.10. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $530.64 million, a P/E ratio of 26.83 and a beta of 0.77.

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

Crawford & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Friday, May 23rd. Crawford & Company’s payout ratio is 46.67%.

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.