Axxcess Wealth Management LLC Acquires Shares of 782 CorVel Co. (NASDAQ:CRVL)

Axxcess Wealth Management LLC purchased a new position in shares of CorVel Co. (NASDAQ:CRVL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 782 shares of the business services provider’s stock, valued at approximately $256,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of CorVel by 1.1% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,925,635 shares of the business services provider’s stock worth $489,631,000 after purchasing an additional 21,673 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of CorVel by 41.8% during 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 purchasing an additional 34,155 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of CorVel by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 73,617 shares of the business services provider’s stock worth $18,719,000 after purchasing an additional 1,479 shares in the last quarter. Raymond James & Associates boosted its position in shares of CorVel by 3.6% during the third quarter. Raymond James & Associates now owns 60,358 shares of the business services provider’s stock worth $19,730,000 after purchasing an additional 2,110 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of CorVel by 997.8% during 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 in the last quarter. 51.36% of the stock is owned by institutional investors.

CorVel Trading Down 2.5 %

CRVL opened at $346.67 on Friday. The stock has a market capitalization of $5.94 billion, a P/E ratio of 73.60 and a beta of 1.10. CorVel Co. has a 12 month low of $203.90 and a 12 month high of $367.84. The firm’s fifty day simple moving average is $317.23 and its 200 day simple moving average is $288.95.

Insider Activity at CorVel

In other CorVel news, CFO Brandon O’brien sold 1,000 shares of CorVel stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $314.98, for a total value of $314,980.00. Following the sale, the chief financial officer now directly owns 6,502 shares in the company, valued at approximately $2,047,999.96. The trade was a 13.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director R Judd Jessup sold 2,500 shares of CorVel stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $311.60, for a total transaction of $779,000.00. Following the completion of the sale, the director now owns 40,777 shares in the company, valued at $12,706,113.20. The trade was a 5.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 47.57% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.