Strs Ohio Trims Holdings in CorVel Co. (CRVL)

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Strs Ohio trimmed its position in shares of CorVel Co. (NASDAQ:CRVL) by 16.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,700 shares of the business services provider’s stock after selling 2,500 shares during the period. Strs Ohio owned 0.07% of CorVel worth $765,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. United Services Automobile Association lifted its position in shares of CorVel by 16.3% during the second quarter. United Services Automobile Association now owns 121,449 shares of the business services provider’s stock worth $6,558,000 after acquiring an additional 17,035 shares in the last quarter. Legal & General Group Plc raised its position in shares of CorVel by 4.7% in the second quarter. Legal & General Group Plc now owns 21,784 shares of the business services provider’s stock worth $1,173,000 after buying an additional 979 shares in the last quarter. BTIM Corp. raised its position in shares of CorVel by 5.0% in the second quarter. BTIM Corp. now owns 137,778 shares of the business services provider’s stock worth $7,440,000 after buying an additional 6,583 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of CorVel by 3.1% in the first quarter. Principal Financial Group Inc. now owns 77,515 shares of the business services provider’s stock worth $3,918,000 after buying an additional 2,363 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of CorVel by 6.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 48,095 shares of the business services provider’s stock worth $2,598,000 after buying an additional 2,872 shares in the last quarter. 45.03% of the stock is owned by institutional investors and hedge funds.

Shares of CRVL stock opened at $61.91 on Wednesday. CorVel Co. has a 52-week low of $46.45 and a 52-week high of $64.00. The firm has a market capitalization of $1.13 billion, a P/E ratio of 26.45 and a beta of 0.54.

In related news, Chairman V Gordon Clemons sold 3,000 shares of the stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $57.60, for a total value of $172,800.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Corstar Holdings Inc sold 801 shares of the stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $60.14, for a total value of $48,172.14. Following the completion of the sale, the insider now owns 7,092,755 shares in the company, valued at approximately $426,558,285.70. The disclosure for this sale can be found here. Insiders sold 95,345 shares of company stock worth $5,672,422 in the last quarter. 51.40% of the stock is currently owned by company insiders.

Separately, BidaskClub upgraded CorVel from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 30th.

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About CorVel

CorVel Corporation provides workers' compensation solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. It applies technology, intelligence, and a human touch to the risk management process that enables its clients to intervene early and connected to the critical intelligence they need to proactively manage risk.

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Institutional Ownership by Quarter for CorVel (NASDAQ:CRVL)

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