CRVL CorVel Corp

Thrivent Financial for Lutherans significantly increased its stake in CorVel Corp. (NASDAQ:CRVL) by 187.9% in Q2, bringing its total holdings to 400,003 shares valued at approximately $41.11 million. This move makes Thrivent Financial one of several institutional investors with substantial positions in CorVel. Despite recent insider selling totaling $894,686, company insiders still hold a significant 44.56% of the stock, while analysts maintain a "Hold" rating for CRVL.

Squarepoint Ops LLC significantly increased its stake in CorVel Corp. (NASDAQ:CRVL) by 96.4% in Q2, acquiring an additional 20,310 shares to bring their total to 41,380 shares, valued at approximately $4.25 million. Other institutional investors like Norges Bank and Thrivent also made substantial moves, resulting in institutional ownership of 51.36% of the company. Despite insider selling activity from an EVP and a director, analysts maintain a "Hold" rating on CRVL.

Several insiders at CorVel Corporation have sold a significant amount of stock over the past year, totaling US$8.2 million, with a notable US$1.2 million sale by an Independent Director. While insider selling can have various reasons, the recent volume suggests potential caution among insiders. Despite these sales, CorVel maintains a healthy 7.2% insider ownership, and the company is profitable with growing profits.

Neuberger Berman Group LLC significantly reduced its stake in CorVel Corp. (NASDAQ:CRVL) during Q2, selling over 448,000 shares but retaining 389,682 shares valued at approximately $40.05 million. Other institutional investors like Norges Bank, Assenagon Asset Management, Cubist Systematic Strategies, and Jones Financial Companies Lllp made substantial moves, resulting in institutional and hedge fund ownership reaching 51.36%. Despite some insider selling, analysts maintain a "Hold" rating for CorVel, a business services provider specializing in workers' compensation and healthcare solutions.

Cerity Partners LLC significantly increased its stake in CorVel Corp. by 59.4% in the second quarter, now holding 128,640 shares valued at approximately $13.22 million. Despite this institutional buying, company insiders have recently been net sellers, offloading over 11,000 shares. CorVel, with a market capitalization of $3.54 billion and a P/E ratio of 34.05, currently has a consensus "Hold" rating from analysts.

CorVel (NASDAQ:CRVL) shares recently hit a new 52-week low at $66.88 with significant trading volume, indicating recent weakness reflected in its moving averages. Analyst sentiment has shifted to a "Hold" rating from Wall Street Zen, and insiders have been net sellers in the last 90 days, though they still retain a substantial stake. The company reported $0.54 EPS on $239.64 million revenue in its last quarterly earnings.