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Crawford & Co. (CRD.A)

Crawford & Co. engages in the provision of claims management and outsourcing solutions to carriers, brokers, and corporates. It operates through the following segments: Crawford Claims Solutions, Crawford TPA Solutions, and Crawford Specialty Solutions. The Crawford Claims Solutions segment includes claims management services globally to insurance carriers and self-insured entities related to property, casualty, and catastrophe losses caused by physical damage to commercial and residential real property, certain types of personal property, and marine losses. The Crawford TPA Solutions comprises of global casualty, disability, and self-insurance marketplace. The Crawford Specialty Solutions segment focuses on global property and casualty insurance company markets through service lines known as Global Technical Services and Contractor Connection. The company was founded by Jim Crawford in 1941 and is headquartered in Peachtree Corners, GA.

Company profile

Ticker
CRD.A, CRD.B
Exchange
Website
CEO
Jeffrey Bowman
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Crawford & Company International, Inc. • Broadspire Services, Inc. • WeGoLook, LLC • Risk Sciences Group, Inc. • Crawford & Company Adjusters Limited ...
IRS number
580506554

CRD.A stock data

Calendar

9 May 22
2 Jul 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 49.87M 49.87M 49.87M 49.87M 49.87M 49.87M
Cash burn (monthly) 1.27M (no burn) (no burn) (no burn) 5.08M (no burn)
Cash used (since last report) 3.91M n/a n/a n/a 15.59M n/a
Cash remaining 45.96M n/a n/a n/a 34.28M n/a
Runway (months of cash) 36.1 n/a n/a n/a 6.7 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
31 May 22 Michael J Hoberman Class A Common Stock Sell Dispose S No No 8.1593 2,100 17.13K 9,376
18 May 22 Verma Rohit Class B Common Stock Buy Acquire P No No 7.1365 1,000 7.14K 5,000
14 Feb 22 Inga K Beale Class A Common Grant Acquire A No No 0 11,764 0 30,813
14 Feb 22 Lisa G Hannusch Class A Common Stock Grant Acquire A No No 0 11,764 0 40,824
14 Feb 22 Jarrard Michelle Class A Common Stock Grant Acquire A No No 0 11,764 0 57,316.646
34.4% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 67 79 -15.2%
Opened positions 7 18 -61.1%
Closed positions 19 7 +171.4%
Increased positions 13 35 -62.9%
Reduced positions 36 17 +111.8%
13F shares Current Prev Q Change
Total value 75.18M 211.26M -64.4%
Total shares 9.95M 18.71M -46.9%
Total puts 0 500 EXIT
Total calls 0 100 EXIT
Total put/call ratio 5.0
Largest owners Shares Value Change
TFC Truist Financial 1.73M $13.04M -37.3%
BLK Blackrock 1.68M $12.7M -18.1%
Dimensional Fund Advisors 1.01M $7.61M -41.4%
First Wilshire Securities Management 772.03K $5.84M -26.0%
AMP Ameriprise Financial 649.54K $4.91M +5.8%
Renaissance Technologies 629.12K $4.76M -56.4%
WFC Wells Fargo & Co. 580.89K $4.39M -8.1%
Geode Capital Management 263.78K $1.99M -24.0%
STT State Street 263.47K $1.99M -17.2%
Vanguard 232.6K $1.76M -81.9%
Largest transactions Shares Bought/sold Change
Paradice Investment Management 0 -3.57M EXIT
Vanguard 232.6K -1.05M -81.9%
TFC Truist Financial 1.73M -1.03M -37.3%
Renaissance Technologies 629.12K -812.62K -56.4%
Dimensional Fund Advisors 1.01M -709.6K -41.4%
BLK Blackrock 1.68M -370.52K -18.1%
First Wilshire Securities Management 772.03K -271.01K -26.0%
LSV Asset Management 0 -179.16K EXIT
Arrowstreet Capital, Limited Partnership 22.96K -132.2K -85.2%
NFC Investments 0 -104.31K EXIT

Financial report summary

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Management Discussion
  • Interest income. Total interest income increased by $65.0 million, or 51.1%, from $127.2 million for the three months ended March 31, 2021 to $192.2 million for the three months ended March 31, 2022. The increase is primarily attributable to growth in our Average Daily Principal Balance from $1.6 billion for the three months ended March 31, 2021 to $2.4 billion for the three months ended March 31, 2022, an increase of 48.5%. The increase is due to growth in our portfolio as a result of higher application volume due to increased demand and due to first quarter 2021 originations being depressed as a result of the COVID-19 pandemic. Interest income was also favorably impacted by an increase in portfolio yield of 55 basis points in the three months ended March 31, 2022 compared to the three months ended March 31, 2021 due to growth in originations to new members who generally receive higher APRs than returning members.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Good
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