CorVel Co. (CRVL) Major Shareholder Sells $853,423.20 in Stock

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CorVel Co. (NASDAQ:CRVL) major shareholder Corstar Holdings Inc sold 11,480 shares of CorVel stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $74.34, for a total value of $853,423.20. Following the sale, the insider now owns 6,767,076 shares of the company’s stock, valued at approximately $503,064,429.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Corstar Holdings Inc also recently made the following trade(s):

  • On Monday, May 20th, Corstar Holdings Inc sold 17,325 shares of CorVel stock. The stock was sold at an average price of $74.28, for a total value of $1,286,901.00.
  • On Thursday, May 9th, Corstar Holdings Inc sold 16,588 shares of CorVel stock. The stock was sold at an average price of $71.56, for a total value of $1,187,037.28.
  • On Friday, May 3rd, Corstar Holdings Inc sold 5,295 shares of CorVel stock. The stock was sold at an average price of $72.08, for a total value of $381,663.60.
  • On Monday, May 6th, Corstar Holdings Inc sold 20,112 shares of CorVel stock. The stock was sold at an average price of $72.06, for a total value of $1,449,270.72.
  • On Monday, April 29th, Corstar Holdings Inc sold 3,858 shares of CorVel stock. The stock was sold at an average price of $71.25, for a total value of $274,882.50.
  • On Wednesday, May 1st, Corstar Holdings Inc sold 16,840 shares of CorVel stock. The stock was sold at an average price of $71.42, for a total value of $1,202,712.80.
  • On Friday, April 26th, Corstar Holdings Inc sold 15,046 shares of CorVel stock. The stock was sold at an average price of $70.08, for a total value of $1,054,423.68.
  • On Tuesday, April 23rd, Corstar Holdings Inc sold 6,811 shares of CorVel stock. The stock was sold at an average price of $68.59, for a total value of $467,166.49.
  • On Monday, April 15th, Corstar Holdings Inc sold 3,831 shares of CorVel stock. The stock was sold at an average price of $68.22, for a total value of $261,350.82.
  • On Wednesday, April 17th, Corstar Holdings Inc sold 6,035 shares of CorVel stock. The stock was sold at an average price of $68.29, for a total value of $412,130.15.

NASDAQ:CRVL traded up $0.96 during mid-day trading on Monday, reaching $73.94. The company’s stock had a trading volume of 83,438 shares, compared to its average volume of 52,875. CorVel Co. has a twelve month low of $50.10 and a twelve month high of $75.10. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 31.73 and a beta of 0.72.

A number of large investors have recently modified their holdings of CRVL. Bank of New York Mellon Corp boosted its stake in CorVel by 1.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 126,738 shares of the business services provider’s stock worth $7,636,000 after buying an additional 1,498 shares during the last quarter. MetLife Investment Advisors LLC boosted its stake in CorVel by 15.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 6,135 shares of the business services provider’s stock worth $370,000 after buying an additional 810 shares during the last quarter. Legal & General Group Plc boosted its stake in CorVel by 3.8% in the 3rd quarter. Legal & General Group Plc now owns 22,605 shares of the business services provider’s stock worth $1,358,000 after buying an additional 821 shares during the last quarter. Morgan Stanley boosted its stake in CorVel by 11.1% in the 3rd quarter. Morgan Stanley now owns 120,056 shares of the business services provider’s stock worth $7,233,000 after buying an additional 12,003 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in CorVel by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 994,950 shares of the business services provider’s stock worth $59,945,000 after buying an additional 22,448 shares during the last quarter. 48.75% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BidaskClub upgraded CorVel from a “hold” rating to a “buy” rating in a research report on Tuesday, April 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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Insider Buying and Selling by Quarter for CorVel (NASDAQ:CRVL)

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