CorVel (NASDAQ:CRVL) Issues Earnings Results

CorVel (NASDAQ:CRVL) announced its quarterly earnings results on Tuesday. The business services provider reported $0.46 earnings per share (EPS) for the quarter, Zacks reports. CorVel had a return on equity of 31.73% and a net margin of 9.64%.

CorVel Stock Up 0.1 %

CorVel stock opened at $115.97 on Tuesday. CorVel has a twelve month low of $76.20 and a twelve month high of $127.24. The stock has a market cap of $5.91 billion, a P/E ratio of 73.87 and a beta of 1.16. The company’s 50-day moving average price is $123.76 and its two-hundred day moving average price is $111.79.

Insider Transactions at CorVel

In related news, EVP Mark E. Bertels sold 1,050 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $119.12, for a total value of $125,072.50. Following the transaction, the executive vice president now directly owns 2,580 shares in the company, valued at approximately $307,321. This represents a 28.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 47.57% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut CorVel from a “buy” rating to a “hold” rating in a report on Friday, January 3rd.

About CorVel

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.