Zurcher Kantonalbank Zurich Cantonalbank Has $545,000 Stake in CorVel Co. (NASDAQ:CRVL)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of CorVel Co. (NASDAQ:CRVL) by 2.2% during the second quarter, HoldingsChannel reports. The firm owned 2,143 shares of the business services provider’s stock after acquiring an additional 46 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CorVel were worth $545,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in CorVel by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 73,617 shares of the business services provider’s stock worth $18,719,000 after buying an additional 1,479 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of CorVel by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 4,600 shares of the business services provider’s stock worth $1,170,000 after acquiring an additional 100 shares during the period. West Coast Financial LLC lifted its position in CorVel by 1.2% in the 2nd quarter. West Coast Financial LLC now owns 29,929 shares of the business services provider’s stock valued at $7,610,000 after acquiring an additional 358 shares in the last quarter. Ellsworth Advisors LLC boosted its stake in CorVel by 6.0% in the 2nd quarter. Ellsworth Advisors LLC now owns 2,279 shares of the business services provider’s stock worth $579,000 after purchasing an additional 128 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in CorVel by 41.8% during the 2nd 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 in the last quarter. Institutional investors own 51.36% of the company’s stock.

CorVel Trading Down 0.0 %

Shares of CRVL opened at $311.13 on Friday. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 70.71 and a beta of 1.08. CorVel Co. has a 12 month low of $187.92 and a 12 month high of $323.34. The firm has a fifty day simple moving average of $293.67 and a 200 day simple moving average of $263.80.

CorVel (NASDAQ:CRVL) last posted its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.25 EPS for the quarter. The company had revenue of $211.72 million during the quarter. CorVel had a net margin of 9.55% and a return on equity of 32.25%.

Insider Buying and Selling at CorVel

In other news, Director R Judd Jessup sold 2,500 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $311.60, for a total value of $779,000.00. Following the completion of the sale, the director now owns 40,777 shares of the company’s stock, valued at approximately $12,706,113.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director R Judd Jessup sold 2,500 shares of CorVel stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $311.60, for a total transaction of $779,000.00. Following the completion of the transaction, the director now owns 40,777 shares in the company, valued at $12,706,113.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jennifer Yoss sold 1,214 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $300.88, for a total value of $365,268.32. Following the completion of the sale, the vice president now owns 680 shares in the company, valued at approximately $204,598.40. The disclosure for this sale can be found here. Insiders sold a total of 75,631 shares of company stock worth $20,705,425 over the last ninety days. 47.57% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.