Vestmark Advisory Solutions Inc. Sells 203 Shares of CorVel Co. (NASDAQ:CRVL)

Vestmark Advisory Solutions Inc. trimmed its stake in CorVel Co. (NASDAQ:CRVL) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,391 shares of the business services provider’s stock after selling 203 shares during the quarter. Vestmark Advisory Solutions Inc. owned about 0.06% of CorVel worth $2,569,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its stake in CorVel by 77.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 10,876 shares of the business services provider’s stock valued at $2,689,000 after purchasing an additional 4,764 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of CorVel by 36.3% in the 3rd quarter. Stifel Financial Corp now owns 23,982 shares of the business services provider’s stock worth $4,716,000 after acquiring an additional 6,385 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in CorVel by 17.1% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 1,426 shares of the business services provider’s stock valued at $280,000 after acquiring an additional 208 shares in the last quarter. Victory Capital Management Inc. boosted its stake in CorVel by 9.2% during the 3rd quarter. Victory Capital Management Inc. now owns 52,452 shares of the business services provider’s stock valued at $10,315,000 after purchasing an additional 4,428 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in CorVel by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 71,317 shares of the business services provider’s stock worth $14,024,000 after purchasing an additional 2,230 shares in the last quarter. 51.36% of the stock is owned by institutional investors.

Insider Activity at CorVel

In other CorVel news, Director Jean Macino sold 3,130 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $253.42, for a total value of $793,204.60. Following the completion of the sale, the director now owns 14,160 shares in the company, valued at approximately $3,588,427.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other CorVel news, Director Jean Macino sold 3,130 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $253.42, for a total value of $793,204.60. Following the completion of the transaction, the director now owns 14,160 shares in the company, valued at approximately $3,588,427.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven J. Hamerslag sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $239.95, for a total value of $479,900.00. Following the sale, the director now directly owns 114,389 shares of the company’s stock, valued at $27,447,640.55. The disclosure for this sale can be found here. Insiders have sold 11,543 shares of company stock valued at $2,881,792 over the last ninety days. Corporate insiders own 48.71% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered CorVel from a “buy” rating to a “hold” rating in a report on Friday.

CorVel Stock Up 0.4 %

NASDAQ:CRVL traded up $0.94 during trading hours on Friday, hitting $242.51. 22,564 shares of the company traded hands, compared to its average volume of 28,803. CorVel Co. has a one year low of $187.92 and a one year high of $265.14. The company has a market cap of $4.15 billion, a PE ratio of 56.14 and a beta of 1.08. The firm’s 50-day simple moving average is $243.19 and its 200-day simple moving average is $231.83.

CorVel Company 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.