Teacher Retirement System of Texas Buys 332 Shares of CorVel Co. (NASDAQ:CRVL)

Posted by Defense World Staff on Jun 12th, 2023

Teacher Retirement System of Texas boosted its position in shares of CorVel Co. (NASDAQ:CRVL – Get Rating) by 5.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,305 shares of the business services provider’s stock after acquiring an additional 332 shares during the period. Teacher Retirement System of Texas’ holdings in CorVel were worth $916,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in CorVel by 16.2% during the 1st quarter. JPMorgan Chase & Co. now owns 8,993 shares of the business services provider’s stock valued at $1,515,000 after acquiring an additional 1,252 shares in the last quarter. American Century Companies Inc. boosted its position in CorVel by 17.0% in the 1st quarter. American Century Companies Inc. now owns 1,361 shares of the business services provider’s stock valued at $229,000 after buying an additional 198 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of CorVel by 4.1% in the 1st quarter. Citigroup Inc. now owns 9,072 shares of the business services provider’s stock worth $1,528,000 after purchasing an additional 357 shares during the last quarter. MetLife Investment Management LLC raised its position in CorVel by 55.6% in the first quarter. MetLife Investment Management LLC now owns 4,921 shares of the business services provider’s stock worth $829,000 after acquiring an additional 1,759 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of CorVel by 4.1% during the first quarter. Rhumbline Advisers now owns 25,329 shares of the business services provider’s stock worth $4,266,000 after purchasing an additional 1,008 shares during the period. Hedge funds and other institutional investors own 50.75% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman V Gordon Clemons sold 1,000 shares of the stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $200.00, for a total transaction of $200,000.00. Following the sale, the chairman now owns 369,534 shares of the company’s stock, valued at approximately $73,906,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Maxim Shishin sold 2,125 shares of the firm’s stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $180.27, for a total transaction of $383,073.75. Following the completion of the transaction, the insider now directly owns 600 shares in the company, valued at $108,162. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman V Gordon Clemons sold 1,000 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $200.00, for a total value of $200,000.00. Following the completion of the sale, the chairman now directly owns 369,534 shares of the company’s stock, valued at approximately $73,906,800. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,857 shares of company stock worth $7,694,178. Corporate insiders own 48.56% of the company’s stock.

CorVel Trading Down 1.7 %

CorVel stock opened at $200.33 on Monday. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 53.14 and a beta of 1.07. The stock’s 50 day moving average is $202.03 and its 200-day moving average is $178.90. CorVel Co. has a 12 month low of $129.19 and a 12 month high of $221.82.