CorVel Co. (NASDAQ:CRVL) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lowered its position in CorVel Co. (NASDAQ:CRVL) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,295 shares of the business services provider’s stock after selling 46 shares during the quarter. Maryland State Retirement & Pension System’s holdings in CorVel were worth $815,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SkyOak Wealth LLC acquired a new position in CorVel in the 4th quarter valued at about $325,000. Trexquant Investment LP raised its stake in shares of CorVel by 34.1% during the third quarter. Trexquant Investment LP now owns 1,426 shares of the business services provider’s stock worth $280,000 after purchasing an additional 363 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of CorVel by 17.1% during the third quarter. B. Riley Wealth Advisors Inc. now owns 1,426 shares of the business services provider’s stock worth $280,000 after purchasing an additional 208 shares during the period. Revisor Wealth Management LLC purchased a new position in CorVel in the 3rd quarter valued at $366,000. Finally, Linden Thomas Advisory Services LLC grew its position in CorVel by 26.6% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 1,880 shares of the business services provider’s stock valued at $465,000 after buying an additional 395 shares during the last quarter. Hedge funds and other institutional investors own 51.36% of the company’s stock.

CorVel Stock Up 2.1 %

Shares of NASDAQ:CRVL opened at $259.03 on Friday. The company has a 50-day moving average price of $243.65 and a 200 day moving average price of $233.06. CorVel Co. has a 52 week low of $187.92 and a 52 week high of $265.14. The company has a market cap of $4.43 billion, a P/E ratio of 59.96 and a beta of 1.08.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of CorVel from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd.

Insider Activity

In related news, Chairman V Gordon Clemons sold 1,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $248.00, for a total transaction of $248,000.00. Following the transaction, the chairman now owns 312,534 shares of the company’s stock, valued at $77,508,432. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Chairman V Gordon Clemons sold 1,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $248.00, for a total transaction of $248,000.00. Following the sale, the chairman now owns 312,534 shares of the company’s stock, valued at $77,508,432. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael G. Combs sold 301 shares of the 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 $5,203,459.24. The disclosure for this sale can be found here. Insiders sold 9,543 shares of company stock valued at $2,401,892 in the last three months. 48.71% of the stock is currently owned by company insiders.

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.