CorVel Co. (NASDAQ:CRVL) Stock Holdings Lowered by Jane Street Group LLC

Jane Street Group LLC reduced its holdings in CorVel Co. (NASDAQ:CRVL) by 22.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,920 shares of the business services provider’s stock after selling 4,484 shares during the quarter. Jane Street Group LLC’s holdings in CorVel were worth $1,771,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of CorVel by 193.7% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,714,351 shares of the business services provider’s stock worth $635,779,000 after purchasing an additional 3,768,440 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of CorVel by 202.1% in the 4th quarter. Vanguard Group Inc. now owns 3,281,649 shares of the business services provider’s stock worth $365,116,000 after purchasing an additional 2,195,466 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of CorVel by 184.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,858,830 shares of the business services provider’s stock worth $206,813,000 after purchasing an additional 1,204,611 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of CorVel by 187.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,545,619 shares of the business services provider’s stock worth $171,969,000 after purchasing an additional 1,007,651 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in shares of CorVel by 204.6% in the 4th quarter. Neuberger Berman Group LLC now owns 845,531 shares of the business services provider’s stock worth $94,074,000 after purchasing an additional 567,984 shares in the last quarter. 51.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of CorVel from a “hold” rating to a “buy” rating in a research report on Friday, April 18th.

CorVel Price Performance

CorVel stock opened at $113.71 on Friday. The firm’s 50 day simple moving average is $111.20 and its 200-day simple moving average is $116.45. The company has a market cap of $5.84 billion, a P/E ratio of 66.89 and a beta of 1.10. CorVel Co. has a fifty-two week low of $76.53 and a fifty-two week high of $128.61.

Insider Transactions at CorVel

In other news, Director Jeffrey J. Michael sold 16,523 shares of CorVel stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of $116.99, for a total value of $1,933,025.77. Following the transaction, the director now directly owns 551,787 shares of the company’s stock, valued at $64,553,561.13. This trade represents a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alan Hoops sold 10,200 shares of CorVel stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $116.39, for a total transaction of $1,187,178.00. Following the completion of the transaction, the director now directly owns 118,213 shares in the company, valued at approximately $13,758,811.07. This trade represents a 7.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,200 shares of company stock valued at $4,340,250 over the last ninety days. Corporate insiders own 47.57% 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.