CorVel Corp CEO Michael Combs Sells 1,799 Shares
Michael Combs, CEO and President of CorVel Corp (NASDAQ:CRVL), sold 1,799 shares of the company on February 15, 2024, according to a recent SEC filing. The shares were sold at a price of $248.41 each, resulting in a transaction amount of $446,815.59.
CorVel Corp is a provider of workers' compensation solutions for employers, third-party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. The company offers a range of services including claims management, bill review, preferred provider networks, utilization management, case management, pharmacy services, directed care, and Medicare services.
Over the past year, Michael Combs has sold a total of 6,230 shares of CorVel Corp and has not made any purchases of the stock. The insider transaction history for CorVel Corp shows a pattern of 35 insider sells and no insider buys over the same timeframe.
On the day of the insider's recent sale, CorVel Corp shares were trading at $248.41, giving the company a market capitalization of $4.240 billion. The price-earnings ratio of the stock stands at 57.26, which is significantly higher than the industry median of 11.96 and above the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.17, indicating that CorVel Corp is considered modestly overvalued based on its GF Value of $211.46. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which factors in historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
