Corstar Holdings Inc Sells 3,858 Shares of CorVel Co. (NASDAQ:CRVL) Stock

CorVel Co. (NASDAQ:CRVL) major shareholder Corstar Holdings Inc sold 3,858 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $71.25, for a total value of $274,882.50. Following the transaction, the insider now directly owns 6,828,238 shares in the company, valued at $486,511,957.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Thursday, May 16th, Corstar Holdings Inc sold 11,480 shares of CorVel stock. The shares were sold at an average price of $74.34, for a total value of $853,423.20.
  • On Monday, May 20th, Corstar Holdings Inc sold 17,325 shares of CorVel stock. The shares were 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 shares were 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 shares were 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 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.

CRVL traded down $0.32 on Friday, hitting $71.41. 32,876 shares of the company were exchanged, compared to its average volume of 53,410. CorVel Co. has a 12 month low of $50.10 and a 12 month high of $75.10. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 32.01 and a beta of 0.72.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC grew its position in CorVel by 92.6% during the 1st quarter. FMR LLC now owns 53,900 shares of the business services provider’s stock worth $3,516,000 after acquiring an additional 25,918 shares during the last quarter. Zebra Capital Management LLC grew its position in shares of CorVel by 13.9% in the 1st quarter. Zebra Capital Management LLC now owns 6,763 shares of the business services provider’s stock worth $441,000 after buying an additional 826 shares during the last quarter. Man Group plc grew its position in shares of CorVel by 18.0% in the 1st quarter. Man Group plc now owns 56,937 shares of the business services provider’s stock worth $3,715,000 after buying an additional 8,700 shares during the last quarter. SEI Investments Co bought a new stake in shares of CorVel in the 1st quarter worth approximately $59,000. Finally, Goldman Sachs Group Inc. grew its position in shares of CorVel by 126.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 60,063 shares of the business services provider’s stock worth $3,919,000 after buying an additional 33,514 shares during the last quarter. Institutional investors and hedge funds own 47.23% of the company’s stock.

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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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