On November 11, 2024, Michael Combs, CEO & President of CorVel Corp (CRVL, Financial), executed a sale of 2,886 shares of the company, according to the SEC Filing. Following this transaction, the insider now owns 13,647 shares of CorVel Corp. The shares were sold at a price of $361.8 each.
CorVel Corp is a provider of healthcare management services and solutions for workers' compensation, auto and liability, group health, and disability insurance markets. The company offers services such as 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 7,459 shares of CorVel Corp and has not made any purchases of the stock. This recent transaction is part of a broader trend seen within the company, where there have been 33 insider sells and no insider buys over the last year.
Shares of CorVel Corp were trading at $361.8 on the day of the sale, giving the company a market cap of approximately $6.087 billion. The price-earnings ratio of the stock stands at 75.46, significantly above both the industry median of 11.32 and the company's historical median.
According to the GF Value, the intrinsic value estimate for CorVel Corp is $247.57 per share, which suggests that the stock is Significantly Overvalued with a price-to-GF-Value ratio of 1.46.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This sale by the insider could be of interest to current and potential investors, providing insight into the insider's perspective on the stock's valuation relative to its current trading price.
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.
