Blue Trust Inc. Purchases 74 Shares of CorVel Co. (NASDAQ:CRVL)

Blue Trust Inc. lifted its position in CorVel Co. (NASDAQ:CRVL) by 435.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 91 shares of the business services provider’s stock after purchasing an additional 74 shares during the quarter. Blue Trust Inc.’s holdings in CorVel were worth $30,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of CorVel by 1.1% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,925,635 shares of the business services provider’s stock worth $489,631,000 after purchasing an additional 21,673 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of CorVel by 41.8% in the second quarter. Assenagon Asset Management S.A. now owns 115,876 shares of the business services provider’s stock worth $29,464,000 after purchasing an additional 34,155 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of CorVel by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 73,617 shares of the business services provider’s stock worth $18,719,000 after purchasing an additional 1,479 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of CorVel by 997.8% in the first quarter. Janus Henderson Group PLC now owns 46,975 shares of the business services provider’s stock worth $12,351,000 after purchasing an additional 42,696 shares during the last quarter. Finally, Algert Global LLC increased its holdings in shares of CorVel by 5.8% in the second quarter. Algert Global LLC now owns 32,455 shares of the business services provider’s stock worth $8,252,000 after purchasing an additional 1,765 shares during the last quarter. 51.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered CorVel from a “buy” rating to a “hold” rating in a research report on Saturday, August 31st.

Insiders Place Their Bets

In other CorVel news, EVP Mark E. Bertels sold 300 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $299.80, for a total transaction of $89,940.00. Following the sale, the executive vice president now directly owns 858 shares of the company’s stock, valued at $257,228.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other CorVel news, EVP Mark E. Bertels sold 300 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $299.80, for a total transaction of $89,940.00. Following the sale, the executive vice president now directly owns 858 shares of the company’s stock, valued at $257,228.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael G. Combs sold 2,473 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $300.99, for a total value of $744,348.27. Following the sale, the chief executive officer now directly owns 16,823 shares in the company, valued at $5,063,554.77. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,479 shares of company stock valued at $4,978,650 over the last ninety days. 47.57% of the stock is owned by insiders.

CorVel Price Performance

Shares of NASDAQ CRVL opened at $302.14 on Friday. The business’s 50 day moving average is $312.48 and its two-hundred day moving average is $282.87. CorVel Co. has a 1-year low of $194.85 and a 1-year high of $329.23. The stock has a market capitalization of $5.18 billion, a P/E ratio of 66.99 and a beta of 1.10.

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.