CorVel Stock Scheduled to Split on Thursday, December 26th (NASDAQ:CRVL)

Shares of CorVel Co. (NASDAQ:CRVL) are scheduled to split before the market opens on Thursday, December 26th. The 3-1 split was announced on Friday, December 13th. The newly created shares will be distributed to shareholders after the market closes on Monday, December 23rd.

CorVel Stock Performance

Shares of NASDAQ CRVL opened at $350.29 on Wednesday. The company has a market capitalization of $6.00 billion, a price-to-earnings ratio of 74.37 and a beta of 1.14. The company has a 50 day simple moving average of $338.22 and a two-hundred day simple moving average of $306.02. CorVel has a fifty-two week low of $223.89 and a fifty-two week high of $381.73.

Analyst Ratings Changes

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

Insider Buying and Selling

In other CorVel news, EVP Mark E. Bertels sold 350 shares of CorVel stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $357.35, for a total value of $125,072.50. Following the completion of the sale, the executive vice president now owns 860 shares of the company’s stock, valued at approximately $307,321. This trade represents a 28.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 47.57% of the stock is owned by company insiders.

Institutional Investors Weigh In On CorVel

Several large investors have recently bought and sold shares of CRVL. Franklin Resources Inc. boosted its holdings in shares of CorVel by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,917 shares of the business services provider’s stock valued at $614,000 after acquiring an additional 173 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in CorVel by 4.6% in the third quarter. Sanctuary Advisors LLC now owns 2,848 shares of the business services provider’s stock worth $931,000 after purchasing an additional 124 shares during the last quarter. SkyView Investment Advisors LLC grew its position in CorVel by 1.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 4,351 shares of the business services provider’s stock worth $1,422,000 after purchasing an additional 67 shares during the period. Geode Capital Management LLC raised its stake in CorVel by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 253,870 shares of the business services provider’s stock valued at $83,000,000 after buying an additional 9,571 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of CorVel by 380.8% during the 3rd quarter. Barclays PLC now owns 15,977 shares of the business services provider’s stock valued at $5,223,000 after buying an additional 12,654 shares during the period. 51.36% of the stock is currently owned by institutional investors.

About CorVel

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.