The stock of Crawford & Company (NYSE:CRD.B) hit a new 52-week high and has $19.69 target or 58.00% above today’s $12.46 share price. The 5 months bullish chart indicates low risk for the $638.09M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $19.69 price target is reached, the company will be worth $370.09 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 50,131 shares traded hands or 21.99% up from the average. Crawford & Company (NYSE:CRD.B) has risen 97.42% since April 11, 2016 and is uptrending. It has outperformed by 91.27% the S&P500.
According to Zacks Investment Research, “Crawford & Company is the world’s largest independent provider of diversified services to insurance companies, self-insured corporations and governmental entities. A few of the many services provided are claims management, loss adjustment, healthcare management, risk management services, class action administration and risk information services.”
More important recent Crawford & Company (NYSE:CRD.B) news were published by: Reuters.com which released: “BRIEF-Crawford & Company names Hilton Sturisky CIO” on November 04, 2016, also Seekingalpha.com published article titled: “Crawford & Company’s (CRD.B) CEO Harsha Agadi on Q3 2016 Results – Earnings …”, Globenewswire.com published: “Crawford & Company® Names Hilton Sturisky CIO” on November 04, 2016. More interesting news about Crawford & Company (NYSE:CRD.B) was released by: Seekingalpha.com and their article: “A Possible Pair Trade In Crawford & Company” with publication date: October 07, 2016.
CRD.B Company Profile
Crawford & Company (Crawford), incorporated on May 21, 1943, is an independent well-known provider of claims management solutions to the risk management and insurance industry, as well as to self-insured entities. The Company’s Crawford Solution offers claims services, business process outsourcing and consulting services for various product lines, including property and casualty claims management; workers’ compensation claims and medical management, and legal settlement administration. Crawford conducts its activities through four divisions: U.S. Services, which primarily serves the property and casualty insurance firm markets in the United States; International, which serves the property and casualty insurance company, and self-insurance markets outside the United States; Broadspire, which serves the self-insurance marketplace, primarily in the United States, and Garden City Group, which serves the class action, regulatory, mass tort, bankruptcy and other legal settlement markets, primarily in the United States.
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