925 Shares in CorVel Co. (NASDAQ:CRVL) Purchased by M&T Bank Corp

M&T Bank Corp bought a new position in CorVel Co. (NASDAQ:CRVL – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 925 shares of the business services provider’s stock, valued at approximately $114,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CRVL. AXA S.A. increased its stake in CorVel by 1.5% in the 3rd quarter. AXA S.A. now owns 19,750 shares of the business services provider’s stock valued at $2,734,000 after buying an additional 300 shares during the last quarter. New York State Common Retirement Fund increased its stake in CorVel by 7.9% in the 3rd quarter. New York State Common Retirement Fund now owns 6,800 shares of the business services provider’s stock valued at $941,000 after buying an additional 498 shares during the last quarter. Mutual of America Capital Management LLC grew its position in shares of CorVel by 17.0% during the 3rd quarter. Mutual of America Capital Management LLC now owns 1,836 shares of the business services provider’s stock valued at $254,000 after acquiring an additional 267 shares during the period. Jump Financial LLC bought a new position in shares of CorVel during the 3rd quarter valued at approximately $221,000. Finally, FourThought Financial LLC grew its position in shares of CorVel by 31.5% during the 3rd quarter. FourThought Financial LLC now owns 342 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 82 shares during the period. Institutional investors and hedge funds own 50.75% of the company’s stock.

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CorVel Trading Up 1.7 %

CRVL opened at $202.88 on Wednesday. The company has a 50 day moving average of $201.19 and a 200 day moving average of $177.76. The company has a market cap of $3.48 billion, a PE ratio of 53.81 and a beta of 1.07. CorVel Co. has a 12 month low of $129.19 and a 12 month high of $221.82.

Insider Buying and Selling

In related news, major shareholder Corstar Holdings Inc sold 17,232 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $185.62, for a total value of $3,198,603.84. Following the completion of the transaction, the insider now directly owns 6,374,036 shares of the company’s stock, valued at approximately $1,183,148,562.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other CorVel news, CFO Brandon O’brien sold 2,036 shares of the firm’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $176.75, for a total value of $359,863.00. Following the completion of the transaction, the chief financial officer now directly owns 3,182 shares of the company’s stock, valued at approximately $562,418.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Corstar Holdings Inc sold 17,232 shares of the firm’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $185.62, for a total transaction of $3,198,603.84. Following the completion of the transaction, the insider now directly owns 6,374,036 shares of the company’s stock, valued at $1,183,148,562.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,393 shares of company stock valued at $7,751,541. Company insiders own 48.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of CorVel in a research report on Thursday, May 18th. They set a “buy” rating for the company.

CorVel Profile

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