Illinois Municipal Retirement Fund Decreases Stake in CorVel Co. (NASDAQ:CRVL)

Illinois Municipal Retirement Fund reduced its stake in shares of CorVel Co. (NASDAQ:CRVL) by 5.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,731 shares of the business services provider’s stock after selling 425 shares during the period. Illinois Municipal Retirement Fund’s holdings in CorVel were worth $1,911,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in CRVL. SG Americas Securities LLC purchased a new stake in shares of CorVel in the 3rd quarter worth about $853,000. Exchange Traded Concepts LLC boosted its position in shares of CorVel by 2,627.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,973 shares of the business services provider’s stock worth $585,000 after buying an additional 2,864 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its position in shares of CorVel by 14.7% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 1,485 shares of the business services provider’s stock worth $292,000 after buying an additional 190 shares in the last quarter. Raymond James & Associates boosted its position in shares of CorVel by 34.1% in the 3rd quarter. Raymond James & Associates now owns 59,060 shares of the business services provider’s stock worth $11,614,000 after buying an additional 15,030 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of CorVel by 70.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 6,112 shares of the business services provider’s stock worth $1,202,000 after buying an additional 2,517 shares in the last quarter. 51.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CorVel

In related news, VP Jennifer Yoss sold 1,500 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $239.41, for a total value of $359,115.00. Following the completion of the transaction, the vice president now owns 512 shares of the company’s stock, valued at approximately $122,577.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Jennifer Yoss sold 1,500 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $239.41, for a total value of $359,115.00. Following the completion of the transaction, the vice president now owns 512 shares of the company’s stock, valued at approximately $122,577.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael G. Combs sold 301 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $246.82, for a total transaction of $74,292.82. Following the completion of the transaction, the chief executive officer now directly owns 21,082 shares of the company’s stock, valued at approximately $5,203,459.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,043 shares of company stock valued at $3,960,007. 48.71% of the stock is owned by insiders.

CorVel Trading Down 0.6 %

Shares of CRVL stock opened at $238.12 on Friday. The firm has a 50-day moving average price of $244.52 and a 200 day moving average price of $230.07. CorVel Co. has a twelve month low of $187.92 and a twelve month high of $265.14. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 55.12 and a beta of 1.07.

CorVel (NASDAQ:CRVL) last announced its earnings results on Tuesday, January 30th. The business services provider reported $0.99 earnings per share for the quarter. CorVel had a net margin of 9.69% and a return on equity of 34.66%. The firm had revenue of $202.30 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of CorVel from a “hold” rating to a “buy” rating in a research report on Thursday.

CorVel Profile

CorVel Corporation provides workers' compensation, auto, liability, and health solutions for employers, third party administrators, insurance companies, and government agencies to assist them in managing the medical costs and monitoring the quality of care associated with healthcare claims. 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.