State Street Corp Has $117.70 Million Holdings in CorVel Co. (NASDAQ:CRVL)

State Street Corp grew its position in shares of CorVel Co. (NASDAQ:CRVL) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 360,068 shares of the business services provider’s stock after buying an additional 2,959 shares during the quarter. State Street Corp’s holdings in CorVel were worth $117,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in CorVel by 1.1% in 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. Charles Schwab Investment Management Inc. lifted its position in shares of CorVel by 7.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 86,236 shares of the business services provider’s stock worth $28,190,000 after buying an additional 6,061 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of CorVel by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 73,617 shares of the business services provider’s stock worth $18,719,000 after acquiring an additional 1,479 shares in the last quarter. Raymond James & Associates increased its holdings in shares of CorVel by 3.6% during the 3rd quarter. Raymond James & Associates now owns 60,358 shares of the business services provider’s stock valued at $19,730,000 after acquiring an additional 2,110 shares during the last quarter. Finally, Algert Global LLC raised its stake in shares of CorVel by 5.8% in the 2nd quarter. Algert Global LLC now owns 32,455 shares of the business services provider’s stock valued at $8,252,000 after acquiring an additional 1,765 shares in the last quarter. Institutional investors own 51.36% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other CorVel news, EVP Mark E. Bertels sold 350 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $307,321. This trade represents a 28.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 47.57% of the stock is currently owned by insiders.

CorVel Stock Performance

CorVel stock opened at $352.00 on Monday. The business’s 50-day simple moving average is $336.33 and its 200-day simple moving average is $304.35. CorVel Co. has a 52 week low of $223.89 and a 52 week high of $381.73. The firm has a market capitalization of $6.03 billion, a PE ratio of 74.73 and a beta of 1.14.

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.