Thrivent Financial for Lutherans Cuts Position in CorVel Co. (NASDAQ:CRVL)

Thrivent Financial for Lutherans lessened its holdings in CorVel Co. (NASDAQ:CRVL) by 5.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,130 shares of the business services provider’s stock after selling 391 shares during the quarter. Thrivent Financial for Lutherans’ holdings in CorVel were worth $2,331,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its holdings in CorVel by 997.8% in the first quarter. Janus Henderson Group PLC now owns 46,975 shares of the business services provider’s stock worth $12,351,000 after purchasing an additional 42,696 shares during the last quarter. Assenagon Asset Management S.A. raised its position in CorVel by 41.8% in the second quarter. Assenagon Asset Management S.A. now owns 115,876 shares of the business services provider’s stock worth $29,464,000 after acquiring an additional 34,155 shares during the period. Quest Partners LLC raised its position in shares of CorVel by 184,200.0% during the 2nd quarter. Quest Partners LLC now owns 1,843 shares of the business services provider’s stock valued at $469,000 after purchasing an additional 1,842 shares during the period. Texas Permanent School Fund Corp raised its position in shares of CorVel by 15.2% during the 2nd quarter. Texas Permanent School Fund Corp now owns 9,137 shares of the business services provider’s stock valued at $2,323,000 after purchasing an additional 1,208 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in CorVel by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,139 shares of the business services provider’s stock valued at $1,307,000 after acquiring an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 51.36% of the company’s stock.

CorVel Stock Performance

Shares of CRVL opened at $361.39 on Thursday. The company has a 50 day moving average price of $327.21 and a 200-day moving average price of $296.71. CorVel Co. has a fifty-two week low of $203.90 and a fifty-two week high of $381.73. The stock has a market capitalization of $6.19 billion, a PE ratio of 76.73 and a beta of 1.10.

Analyst Upgrades and Downgrades

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

CorVel Company Profile

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.